KUALA LUMPUR — The Malaysian rubber market is likely to maintain a mixed trading next week, tracking the ringgit movement against the US dollar and global crude oil prices, a dealer said.
He said the rubber prices would also move in tandem with prices of other commodities and regional futures markets, namely the Tokyo Commodity Exchange and Shanghai Futures Exchange.
For the week just-ended, rubber prices were mostly mixed on lack of catalysts.
On a Friday-to-Friday basis, the Malaysian Rubber Board’s noon price for tyre-grade SMR 20 decreased 12 sen to 588.0 sen a kg while latex-in-bulk shed 1.5 sen to 482.5 sen a kg.
The 5 pm unofficial closing price for SMR 20 slipped eight sen to 586.5 sen a kg and latex-in-bulk was 10.5 sen lower at 476.5 sen a kg.
