Bursa Alert
Global Market
NewsRubber market likely to be weak this week
Page 1 of 1
Rubber market likely to be weak this week
by JF Mon 13 Aug 2012, 13:20
KUALA LUMPUR: THE Malaysian rubber market is likely to remain weak this week as global imports are expected to decline, influenced by average Chinese trade data released on Friday, dealers said.
A dealer said most of the market players would also remain sidelined on concerns over the prospects of global economy particularly the Eurozone debt crisis.
For the week just ended, the rubber market was subdued on disappointing results as traders remained cautious over the Bank of Japan policy meeting and trade data from China, Japan's largest export market.
On a week-to-week basis, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 lost 47.5 sen to 812 sen while latex-in-bulk decreased 51 sen to 562.5 sen per kg.
The unofficial sellers' closing price for tyre-grade SMR 20 declined 57.7 sen to 805 sen per kg and latex-in-bulk fell 51 sen to 556.50 sen per kg. - Bernama
A dealer said most of the market players would also remain sidelined on concerns over the prospects of global economy particularly the Eurozone debt crisis.
For the week just ended, the rubber market was subdued on disappointing results as traders remained cautious over the Bank of Japan policy meeting and trade data from China, Japan's largest export market.
On a week-to-week basis, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 lost 47.5 sen to 812 sen while latex-in-bulk decreased 51 sen to 562.5 sen per kg.
The unofficial sellers' closing price for tyre-grade SMR 20 declined 57.7 sen to 805 sen per kg and latex-in-bulk fell 51 sen to 556.50 sen per kg. - Bernama
JF- Senior Member
- Posts : 2785 Credits : 3269 Reputation : 163
Join date : 2011-10-07
Job/Hobbies : $$
$$
Similar topics» Rubber market to be rangebound next week
» Rubber market to trade higher next week
» Rubber slumps to one-week low as yen’s rebound reduces appeal
» Rubber price continues uptrend from last week's closing
» KL rubber price to continue bearish momentum next week
» Rubber market to trade higher next week
» Rubber slumps to one-week low as yen’s rebound reduces appeal
» Rubber price continues uptrend from last week's closing
» KL rubber price to continue bearish momentum next week
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|