Malaysia: Rubber Market To Trade Lower Next Week

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KUALA LUMPUR — The Malaysian market is likely to seeing quiet trading next week, amid a lack of fresh leads and in tracking the movement of regional futures markets, dealers said.

The benchmark Commodity Exchange’s () rubber futures, which normally dictates the direction of the Malaysian rubber market also traded lower this week.

A dealer noted that a firmer ringgit could hamper demand for the commodity as it would become more expensive for non-ringgit holders.

For the week just-ended, the market traded mixed, taking cue from the bearish performance of regional markets, as well as movements.

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On a Friday-to-Friday basis, the ’s noon price for tyre-grade 20 dropped 14 sen to 559.5 sen a kg, while latex-in-bulk was 11.5 sen higher at 499.0 sen a kg.

The 5 unofficial closing price for SMR 20 decreased 12 sen to 562.0 sen a kg, and latex-in-bulk added 4.5 sen to 491.0 sen a kg.

  • Bernama

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