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NewsKL rubber price to continue bearish momentum next week
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KL rubber price to continue bearish momentum next week
by Cals Mon 13 Jan 2014, 01:54
Published: Saturday January 11, 2014 MYT 1:07:00 PM
Updated: Saturday January 11, 2014 MYT 1:09:59 PM
KL rubber price to continue bearish momentum next week
KUALA LUMPUR: The Malaysian rubber market is expected to continue its bearish momentum next week on anticipation of weaker demand, amid speculation that China's economy was faltering, a dealer said.
The rubber market would likely follow price movement on the Tokyo Commodity Exchange and the Shanghai Futures Exchange next week, she said.
For the week just-ended, rubber prices closed mostly lower with the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 shedding 23.5 sen to 710 sen a kg while latex-in-bulk dropped 37 sen to 480.50 sen a kg.
The unofficial closing price for tyre-grade SMR 20 lost 16 sen to 712 sen a kg while latex-in-bulk eased 31.5 sen to 479.5 sen a kg - Bernama
Updated: Saturday January 11, 2014 MYT 1:09:59 PM
KL rubber price to continue bearish momentum next week
KUALA LUMPUR: The Malaysian rubber market is expected to continue its bearish momentum next week on anticipation of weaker demand, amid speculation that China's economy was faltering, a dealer said.
The rubber market would likely follow price movement on the Tokyo Commodity Exchange and the Shanghai Futures Exchange next week, she said.
For the week just-ended, rubber prices closed mostly lower with the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 shedding 23.5 sen to 710 sen a kg while latex-in-bulk dropped 37 sen to 480.50 sen a kg.
The unofficial closing price for tyre-grade SMR 20 lost 16 sen to 712 sen a kg while latex-in-bulk eased 31.5 sen to 479.5 sen a kg - Bernama
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