Malaysia: Quiet trading ahead for rubber market next week

The Malaysian rubber market is likely to be quiet but steady next week on lack of fresh leads, dealers said.

Price is expected to trend higher with the current supply shortage in major producing countries but gains could be pared down by weak global economic sentiment.

The local market would also take the cue from the Tokyo Commodity Exchange and the Shanghai Futures Exchange next week.

On a Friday-to-Friday basis, the Malaysian Rubber Board’s official physical price for tyre-grade SMR20 rose 2.5 sen to 919.5 sen per kg while latex-in-bulk increased 17 sen to 658.5 sen per kg.

The unofficial seller’s closing price for tyre-grade SMR 20 decreased 5.5 sen to 915 sen but latex-in-bulk added 16 sen to 658.5 sen. — BERNAMA

Source: http://www.btimes.com.my/articles/20120721205820/Article