KUALA LUMPUR — The Malaysian rubber market is expected to trade cautiously next week in being influenced by the ringgit’s performance against the US dollar and the crude oil price movement, said a dealer.
He said the rubber price would also likely track the performance of other commodities and regional futures markets, namely the Tokyo Commodity Exchange and Shanghai Futures Exchange.
On a Thursday-to-Friday basis, the Malaysian Rubber Board’s noon price for tyre-grade SMR 20 declined 7.5 sen to 561.5 sen a kg, while latex-in-bulk gained 8.0 sen to 478.0 sen a kg.
The 5 pm unofficial closing price for SMR 20 was 2.0 sen lower to 576.0 sen a kg and latex-in-bulk added 8.0 sen to 481.0 sen a kg.
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The market was closed on Friday for the Maulidur Rasul holiday.
