KUALA LUMPUR — The Malaysian rubber market is likely to continue seeing quiet trading next week, amid a lack of fresh leads and with most traders watching closely the movement of the rubber futures on the Tokyo Commodity Exchange (TOCOM), a dealer said.
TOCOM, which normally governs the direction of Malaysian rubber, eased 0.9 per cent for February 2018 delivery at 210.2 yen per kg, after gaining as much as 217.4 yen earlier in the day.
On a Thursday-to-Friday basis, the Malaysian Rubber Board’s noon price for tyre-grade SMR 20 fell 49 sen to 625.5 sen a kg from 674.5 sen kg, while latex-in-bulk declined 50 sen to 516.0 sen a kg from 566.0 sen a kg.
The 5 pm unofficial closing price for SMR 20 went down 33.5 sen to 631.0 sen a kg from 664.5 sen a kg and latex-in-bulk was 45.5 sen lower at 514.5 sen a kg from 560.0 sen a kg.
The market was closed on Friday for the Awal Muharram holiday.
