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Monday, January 24, 2022

Malaysia: Rubber Market Likely To See Range-Bound Trading

KUALA LUMPUR — The Malaysian rubber market is likely to see a range-bound trading next week amid fluctuating crude oil prices and volatility in the ringgit against the US dollar, dealers said. A dealer said the local rubber market will also track the trends in the regional rubber futures markets. He said the wet weather over the past few days had also raised concerns about rubber production. For the week-just-ended, trading was mixed on the local market.

On a Friday-to-Friday basis, the Malaysian Rubber Board’s noon price for tyre-grade SMR 20 fell 18 sen to 750 sen a kg and latex-in-bulk eased 3.5 sen to 575.50 sen a kg. The 5pm unofficial closing price for SMR 20 shed 2.5 sen to 765.50 sen a kg, while latex-in-bulk dipped 6.5 sen to 572.50 sen a kg.

 

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