KUALA LUMPUR — The Malaysian rubber market is expected to trade cautiously next week with it being influenced by the currency and crude oil movements, said a dealer.
The dealer said the rubber price would also likely track the performances of other commodities and regional futures markets, namely the Tokyo Commodity Exchange and Shanghai Futures Exchange.
On a Friday-to-Friday basis, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 appreciated 68 sen to 651.0 sen a kg from 583.0 sen a kg and latex-in-bulk increased 27 sen to 566.0 sen a kg from 539.0 sen a kg.
The 5 pm closing price for tyre-grade SMR 20 was 38 sen higher at 626.0 sen a kg from 588 sen a kg and latex-in-bulk went up 28.5 sen to 567.5 sen a kg from 539.0 sen a kg.
The market was closed on Monday and Tuesday for the Hari Raya Aidilfitri holiday.
