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Rubber market to trade higher next week
by Cals Sun 13 Oct 2013, 21:48
Published: Saturday October 12, 2013 MYT 12:18:00 PM
Updated: Saturday October 12, 2013 MYT 12:20:38 PM
Rubber market to trade higher next week
KUALA LUMPUR: The Malaysian rubber market is expected to trade higher next week, amid a cautious trading tone, a dealer said.
The dealer said progress in the US debt-ceiling deal may lead to speculative buying activity, as the market still lacked a fresh catalyst.
The market will also follow the movement of prices on the Tokyo Commodity Exchange (TOCOM) and the Shanghai Futures Exchange next week, he added.
For the week just-ended, rubber prices moved within a tight range in tandem with the TOCOM.
On a Friday-to-Friday basis, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 rose nine sen to 747.5 sen a kg, while latex-in-bulk shed half-a-sen sen to 536.5 sen a kg.
The unofficial closing price for tyre-grade SMR 20 increased 13 sen to 749.5 sen a kg, while latex-in-bulk slipped four sen to 532 sen a kg. - Bernama
Updated: Saturday October 12, 2013 MYT 12:20:38 PM
Rubber market to trade higher next week
KUALA LUMPUR: The Malaysian rubber market is expected to trade higher next week, amid a cautious trading tone, a dealer said.
The dealer said progress in the US debt-ceiling deal may lead to speculative buying activity, as the market still lacked a fresh catalyst.
The market will also follow the movement of prices on the Tokyo Commodity Exchange (TOCOM) and the Shanghai Futures Exchange next week, he added.
For the week just-ended, rubber prices moved within a tight range in tandem with the TOCOM.
On a Friday-to-Friday basis, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 rose nine sen to 747.5 sen a kg, while latex-in-bulk shed half-a-sen sen to 536.5 sen a kg.
The unofficial closing price for tyre-grade SMR 20 increased 13 sen to 749.5 sen a kg, while latex-in-bulk slipped four sen to 532 sen a kg. - Bernama
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