KUALA LUMPUR: The Malaysian rubber market is expected to trade cautiously next week.
A dealer said the main producer countries, namely Thailand and Indonesia, had decided to limit their supplies as the prices dropped close to five-year lows.
"Next week's outlook will also depend on the daily currency exchange movements and crude oil prices," he told Bernama.
On a Friday-to-Friday basis, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 declined 8.5 sen to 495 sen a kg and latex-in-bulk fell 9.5 sen to 350 sen a kg.
The unofficial closing price for tyre-grade SMR 20 increased two sen to 500 sen a kg and latex-in-bulk slipped 8.5 sen to 350 sen a kg.-- Bernama