KUALA LUMPUR, Nov 15 (Bernama) — The Malaysian rubber market trend is expected to trade mixed next week due to the downtrend on the Tokyo Commodity Exchange as well as the weaker yen, a dealer said.
The dealer said another contributing factor would likely come from the low trending market in crude oil prices that was also predicted to observe a mixed trend next week.
“From my observation the local rubber market price will start lower from Monday, continuing from today’s closing price, but will see a mix market by the end of next week,” she told BERNAMA.
On a Friday-to-Friday basis, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 went up 14 sen to 512.00 sen a kg and latex-in-bulk rose 5.5 sen to 407.50 sen a kg.
The unofficial closing price for tyre-grade SMR 20 increased 8 sen to 510.00 sen a kg and latex-in-bulk rose 2.5 sen to 407.00 sen a kg.
–BERNAMA
