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Cautious trading ahead for rubber

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Cautious trading ahead for rubber Empty Cautious trading ahead for rubber

Post by hlk Sat 16 Jun 2012, 16:21

The Malaysian rubber market is expected to remain cautious next week as
the eurozone debt crisis will most likely continue to influence trading,
dealers said.

A dealer said the high demand and tight supply would also determine the market's performance.

"The
market players are cautious on the outcome of the Greek election this
weekend which could create further market uncertainties," he said.

For
the week just-ended, the Malaysian Rubber Board's official physical
price for tyre-grade SMR 20 added 17 sen to 907 sen a kg from 890 sen
last week, while latex-in-bulk fell six sen to 662.5 sen a kg from 668.5
sen previously

The unofficial closing price for SMR 20 rose
28.5 sen to 910 sen a kg from 881.5 sen last Friday while latex-in-bulk
inched up 0.5 sen to 664.5 sen from 664 sen previously. -- BERNAMA
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