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Rubber market may see steady trading
by hlk Mon 11 Jul 2011, 01:39
The Malaysian rubber market may see steady trading next week but buying interest is likely to be affected by China's interest rates and ongoing concerns over the debt crisis in Europe.
"Prices may move in tandem with most markets in the region," said a dealer.
On a week-to-week basis, the Malaysian Rubber Board's official physical noon price for tyre-grade SMR 20 increased 41 sen to RM1,354 sen per kg from last Friday's RM1,313 sen per kg, while latex-in-bulk gained 29 sen to 887.5 sen per kg from 858.5 sen per kg previously.
The unofficial closing price for tyre-grade SMR 20 increased 37.5 sen to 1,351.5 sen per kg from 1,314 sen per kg last Friday, while latex-in-bulk rose 39.5 sen to 892.5 sen per kg from 853 sen per kg last Friday. -- Bernama
"Prices may move in tandem with most markets in the region," said a dealer.
On a week-to-week basis, the Malaysian Rubber Board's official physical noon price for tyre-grade SMR 20 increased 41 sen to RM1,354 sen per kg from last Friday's RM1,313 sen per kg, while latex-in-bulk gained 29 sen to 887.5 sen per kg from 858.5 sen per kg previously.
The unofficial closing price for tyre-grade SMR 20 increased 37.5 sen to 1,351.5 sen per kg from 1,314 sen per kg last Friday, while latex-in-bulk rose 39.5 sen to 892.5 sen per kg from 853 sen per kg last Friday. -- Bernama
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