KUALA LUMPUR — The Malaysian rubber market is expected to see quiet trading next week amid a lack of fresh leads, with most traders tracking closely the movement of rubber futures on the benchmark Tokyo Commodity Exchange, a dealer said.
The dealer said market operators would stay on the sidelines and adopt a wait-and-see attitude ahead of the announcement of China’s June 2018 official manufacturing purchasing managers index, coupled with lingering concerns over the United States-China trade tensions.
For the week just-ended, the market was higher in tandem with the regional rubber futures markets, amidst a stronger ringgit and crude oil movements.
On a Friday-to-Friday basis, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 rose 8.5 sen to 541.5 sen a kg and latex-in-bulk added 13.5 sen to 442.5 sen a kg.
The 5 pm closing price for tyre-grade SMR 20 was 5.5 sen higher at 539 sen a kg and latex-in-bulk gained 7.5 sen to 437.5 sen a kg.
