Malaysia: Rubber Market To Remain Weak Next Week


KUALA LUMPUR — The market is expected to remain subdued next week on weak demand as traders will be away for the year-end holidays, dealers said.

A dealer said the commodity price would likely move sideways and would also depend on market supply and the ringgit’s performance.

The movement of on the Commodity Exchange () would also influence prices on the domestic market next week.

Meanwhile, the () said Malaysia, and had committed to withhold exports of 350,000 tonnes of natural (NR) under the implementation of the Agreed Export Tonnage Scheme (AETS) with immediate effect until March 31, 2018.

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The three countries pledged to implement and comply with the AETS at the ITRC Senior Officials Meeting in on Friday.

The local market will be closed on Monday, Dec 25, for the Christmas holiday.

On a Friday-to-Friday basis, the Malaysian Rubber Board’s noon price for tyre-grade 20 was 15 sen lower at 571.5 sen a kg, while latex-in-bulk fell 13.5 sen to 452.0 sen a kg.

The 5pm unofficial closing price for SMR 20 dropped five sen to 572.5 sen a kg but latex-in-bulk rose 0.5 sen to 449.5 sen a kg.

  • Bernama


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