Malaysia: Rubber Market To Trade Lower Next Week

0
459

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

The Commodity Exchange’s (TOCOM) , 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 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 crude movements.

Article continues below Advertisement...

On a Friday-to-Friday basis, the Malaysian Rubber Board’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

LEAVE A REPLY

Please enter your comment!
Please enter your name here