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Thursday, August 11, 2022

Malaysia: Rubber Market To Trade Cautiously This Week

KUALA LUMPUR — The Malaysian rubber market is expected to trade cautiously next week and is likely to be influenced by crude oil prices, lower commodities prices and currency movements, a dealer said.

He also noted that the rubber prices would also likely track the performance of the regional futures markets, namely the Tokyo Commodity Exchange and Shanghai Futures Exchange.

“For the week just ended, the rubber market performance was mostly easier, in tandem with the performance of regional futures markets,” he added.

On a Friday-to-Friday basis, the Malaysian Rubber Board’s sellers official physical price for tyre-grade SMR 20 declined 10 sen to 517 sen per kg while latex-in-bulk eased 11.5 sen to 415.5 sen per kg.

The unofficial sellers’ closing price for tyre-grade SMR 20 was 6.5 sen lower at 519 sen per kg while latex-in-bulk declined 9.5 sen to 415 sen per kg.

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