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Thursday, July 7, 2022

Rubber Market To Trade Cautiously This Week

By Nurunnasihah Ahmad Rashid
KUALA LUMPUR — The Malaysian rubber market is expected to trade cautiously this week with the market influenced by the crude oil price and currency movements, a dealer said. He said rubber prices would also track the performance of other commodities. “For the week just ended, the rubber market performed better than expected, mainly affected by the performance of regional futures markets as well as the movements of the ringgit,” he told Bernama.
The market was closed on Monday and Tuesday for the Federal Territory Day and Thaipusam holidays respectively. On a Friday-to-Friday basis, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 fell one sen to 495.5 sen a kg and latex-in-bulk rose 10 sen to 371.5 sen a kg.
The unofficial closing price for tyre-grade SMR 20 gained 4.5 sen to 495.5 sen a kg while latex-inbulk surged 12.5 sen to 372.5 sen a kg.

– Bernama

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