Market and product

Volatile trading ahead for rubber

03:09 PM @ Monday - 04 June, 2012

The Malaysian rubber market is expected to be volatile next week amid the uncertain global sentiment, a dealer said.

"It will be difficult to predict the trend next week as prices would most probably be influenced by the supply situation and the futures market," she dealer said.

Physical rubber prices is also likely to be influenced by the Tokyo Commodity Exchange and Shanghai Futures Exchange.

On a week-to-week basis, the Malaysian Rubber Board's official physical noon price for tyre-grade SMR 20 fell 10.5 sen to 990 sen per kg from last Friday's 1,000.5 sen.


Meanwhile, latex-in-bulk shed 12.5 sen to 705 sen per kg from 717.5 sen previously.

The unofficial closing price for tyre-grade SMR 20 declined 12 sen to 986 sen per kg while latex-in-bulk dropped 15 sen to 701.5 sen per kg. -- BERNAMA