KUALA LUMPUR: The Malaysian rubber market is likely to trade mixed next week, in tracking crude oil prices and the ringgit’s movement, a dealer said.
The downtrend in the rubber price on the Tokyo Commodity Exchange and a stronger yen are also expected to weigh in on sentiment.
For the week-just-ended, rubber prices traded easier, in sync with regional peers.
On a Friday-to-Friday basis, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 increased 9.5 sen to 500.50 sen a kg, while latex-in-bulk rose 6.5 sen to 407 sen a kg.
The unofficial closing price for tyre-grade SMR 20 was up by five sen to 497.50 sen a kg, while latex-in-bulk fell 7.5 sen to 405 sen a kg. – BERNAMA