The Malaysian rubber market is likely to see quiet trading next week as traders prefer to stay on the sidelines, dealers said.
They said there was an absence fresh catalysts, especially with Chinese New Year celebrations around the corner.
Meanwhile, physical rubber prices would take the cue from regional rubber futures markets.
On a Friday-to-Friday basis, the Malaysian Rubber Board’s official physical price for tyre-grade SMR20 ended 17.5 sen higher at 940 sen a kg while latex-in-bulk eased 1.5 sen to 617 sen.
The unofficial closing price for tyre-grade SMR20 gained 20.5 sen to 943 sen a kg while latex-in-bulk declined 3.5 sen to 616 sen a kg.
During the just-ended week, the market was closed on Monday for Thaipusam and on Friday for the Federal Territory Day. — BERNAMA
Source: btimes.com.my
