Rubber to trade mixed next week
Bernama
April 11, 2015 12:35 MYT
April 11, 2015 12:35 MYT
The Malaysian rubber market is likely to be mixed next week, influenced by the lower crude palm oil prices. - File pic
The Malaysian rubber market is likely to be mixed next week, influenced by the lower crude palm oil prices, a dealer said.
He said supply was tight, especially the Standard Malaysian Rubber 20 (SMR 20), and this has kept the prices slightly lower.
"Besides this, the rubber market will also follow the regional markets' performance and the currency movements," he said.
For the week-just-ended, the rubber prices were traded easier, in sync with its regional peers.
On a Friday-to-Friday basis, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 fell 20 sen to 491 sen a kg while latex-in-bulk 10 sen to 413.50 sen a kg.
The unofficial closing price for tyre-grade SMR 20 was down by 17 sen to 492.5 sen a kg while latex-in-bulk inched down 11 sen to 412.5 sen a kg.