KUALA LUMPUR — The Malaysian rubber market is expected to remain quiet next week with players remaining on the sidelines, reluctant to take up new positions in the absence of fresh leads.
The performance of rubber prices on the Tokyo Commodity Exchange (TOCOM) will continue to influence the movement of local rubber prices next week, said the dealer.
For the week just-ended, the market was traded mixed on lack of buying interest.
On a Friday-to-Friday basis, the Malaysian Rubber Board’s noon price for tyre-grade SMR 20 increased six sen to 600.0 sen a kg while latex-in-bulk advanced 4.5 sen to 484.0 sen a kg.
The 5 pm unofficial closing price for SMR 20 gained one sen to 594.5 sen a kg and latex-in-bulk was 18 sen higher at 487.0 sen a kg.
