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Cautious trading ahead for rubber mart

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Cautious trading ahead for rubber mart

Post by hlk Sat 17 Dec 2011, 12:15

The Malaysian rubber market is expected to remain cautious next week as traders are still worried over the eurozone debt crisis and other commodities low prices, pulling down prices for the whole week.

"The current rainy season would also affect supply," a dealer said.

This week, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 lost 43 sen to 1,027 sen a kg from 1,070 sen a week earlier, while latex-in-bulk fell 27 sen to 670 sen a kg from 697 sen.

The unofficial closing price for SMR 20 dwindled eight sen to 1039.5 sen a kg from 1,047.5 sen on Friday while latex-in-bulk slipped 22.5 sen to 670 sen from 692.5 sen Friday. -- Bernama

hlk: Moderator; Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia

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