Rubber market to stay volatile next week, says industry expert

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– The market is expected to remain volatile next week, with uncertainties prevailing in industrialised countries.

Malaysian Rubber Glove Manufacturers’ Association immediate past Denis Low said there appears to be a lull in the opening up of industries in and , 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 for dry rubber, mainly,” he told Bernama.

He said will remain range-bound for dry rubber, while latex-in-bulk will move up, owing to the monsoon season.

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“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 ’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

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