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Malaysian rubber market

Date:2011年8月8日 16:58

The Malaysian rubber market is likely to stay at current levels this week with regional markets in a state of volatility amid uncertainties over the global economic situation, dealers said. Throughout the week, local rubber prices underwent range-bound trading, with prices of the SMR 20 hovering between 1,383 sen per kg to 1,398 sen per kg while latex-in-bulk was traded around 884.5 sen per kg to 888.5 sen per kg. On a week-to-week basis, the Malaysian Rubber Board official physical noon price for tyre-grade SMR 20 increased 0.5 sen to 1,383 sen per kg from previous Friday's 1,382.5 sen per kg,while latex-in-bulk was flat at 886 sen per kg. The unofficial closing price for tyre-grade SMR 20 dropped three sen to 1,378 sen per kg against 1,381 sen per kg from the previous week while latex-in-bulk declined 2.5 sen to 882.5 sen per kg against the 884.5 sen per kg previously. Bernama

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