KUALA LUMPUR: The Malaysian rubber market is likely to trend higher next week on anticipated higher demand for the commodity.
For the week just-ended, rubber prices were traded mostly higher supported by Chinese traders who entered the market after a long break after the Lunar New Year.
On a week-to-week basis, the Malaysian Rubber Board’s official physical price for tyre-grade SMR20 rose seven sen to 509 sen a kg while latex-in-bulk advanced 5.5 sen to 396.
The unofficial closing price for tyre-grade SMR20 gained nine sen to 511 sen a kg while latex-in-bulk was 8.5 sen higher at 398 sen a kg.
– Bernama
