The Malaysian rubber market is expected to perform better next week in anticipation of limited supply of the commodity,
dealers said.
They said the wet weather in rubber producing countries would create a shortage in the raw material and this would boost prices.
A dealer said the market would continue to closely watch the performance of rubber futures prices on the Tokyo Commodity Exchange as the easing of the Japanese yen will push up the Tokyo rubber futures.
On a Friday-to-Friday basis, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 fell half-a-sen to 736.5 sen a kg, while latex-in-bulk eased seven sen to 512.5 sen.
The unofficial closing price for tyre-grade SMR 20 gained 1.5 sen to 736.5 sen a kg, while latex-in-bulk slipped 6.5 sen to 513 sen a kg.– Bernama
