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Wednesday, May 25, 2022

Malaysia: Rubber Market Likely To Be Uncertain this week

KUALA LUMPUR — The Malaysian rubber market is likely to be uncertain this week due to the absence of market moving catalyst. A dealer said the supply and demand situation and the regional futures markets performance would be the main factors plaguing the prices.
“Lack of buying interest will be seen as market participants might refrain from active dealing and floundering crude oil prices are expected to continue,” he told Bernama.

On a Friday-to-Friday basis, the Malaysian Rubber Board’s sellers’ official physical price for tyre-grade SMR 20 decreased 20 sen to 453.50 sen a kg while latex-in-bulk trimmed 2.0 sen to 343.50 sen a kg. The unofficial closing price for tyre-grade SMR 20 fell 19 sen to 453 sen a kg while latex-in-bulk declined 4.0 sen to 343.50 sen a kg.

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