KUALA LUMPUR — The Malaysian rubber market is expected to see quiet trading next week, with players likely to adopt a wait-and-see stance as they await fresh catalysts, dealers said.
A dealer said sentiment was also expected to remain cautious amid a stronger ringgit as well as global crude oil prices movement.
“Rubber prices may improve slightly towards the end of the week on fresh leads and also likely to track the movement on regional futures markets.
For week just-ended, the market traded lower to mixed in tracking external factors, mainly the movement on the Tokyo Commodity Exchange (TOCOM).
On a Friday-to-Friday basis, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 slipped 20 sen to 571.5 sen a kg, and latex-in-bulk dropped 10 sen to 458.0 sen a kg.
The 5 pm closing price for tyre-grade SMR 20 was 12 sen lower at 571.0 sen a kg and latex-in-bulk dipped 3.5 sen to 460.5 sen a kg.
- Bernama
