KUALA LUMPUR: The Malaysian rubber market is likely to be easier this week, tracking the movement on the Tokyo Commodity Exchange on weak demand, dealers said.
They said the market would also continue to perform weaker due to the strengthening of the ringgit against the US dollar.
“Prices are expected to trend lower and hover within a tight range,” a dealer said.
On a Friday-to-Friday basis, the Malaysian Rubber Board’s sellers’ official physical price for tyre-grade SMR 20 slipped 15 sen to 519.5 sen per kg while latex-in-bulk decreased 10.5 sen to 426.5 sen per kg.
The unofficial sellers’ closing price for tyre-grade SMR 20 fell 15 sen to 518 sen per kg and latex-in-bulk declined 14 sen to 423 sen per kg.– Bernama
