Malaysian Rubber Glove Manufacturers’ Association immediate past president Denis Low said there appears to be a lull in the opening up of industries in China and Europe, mainly due to the second wave of the Covid-19 pandemic.
“As long as there is limited movement of people in industries, it will affect demand for dry rubber, mainly,” he told Bernama.
He said prices will remain range-bound for dry rubber, while latex-in-bulk will move up, owing to the monsoon season.
“The uptake of latex-in-bulk by glove makers will remain robust as the pandemic requirement for gloves is very strong, with the surging number of Covid-19 cases.”
On a Friday-to-Friday basis, Standard Malaysian Rubber 20 (SMR 20) dipped 27 sen to 618.5 per kg, while latex-in-bulk rose one sen to 587.0 per kg.
At 5pm on Friday, the Malaysian Rubber Board’s reference physical price for SMR 20 stood at 618.5 sen a kg, while latex-in-bulk was at 582.5 sen a kg. – Bernama, December 12, 2020