KUALA LUMPUR: The Malaysian rubber market is expected to be bullish this week on better demand for the commodity, a dealer said.
Expectations of increasing demand from China will keep prices elevated, especially with output likely to be affected by the rainy season in majorrubber-producing countries.
The Statistics Department reported on Friday that natural rubber exports in November last year slipped 2.4% or 1,633 tonnes to 65,043 tonnes, from 66,681 tonnes registered in the previous month.
On a Friday-to-Friday basis, the Malaysian Rubber Board’s official physical offer price for tyre-grade SMR 20 increased eight sen to 931 sen per kg while latex-in-bulk rose 13.5 sen to closed at 628 sen per kg.
The unofficial closing offer price for tyre-grade SMR 20 improved 0.5 sen to 922 sen per kg and latex-in-bulk rose 11.5 sen to 628 sen per kg.
Bernama
