The Malaysian rubber market is expected to improve next week as supply remains tight due to the rainy season and floods in Thailand, dealers said.
A dealer said the euro debt crisis will, however, continue to affect the market. "Traders are awaiting the solution to the eurozone debt crisis," he said.
During the four-day trading week, the market was mixed and its performance was affected by the rainy season and floods which as a result saw tight supply of the material. Traders were also monitoring the eurozone financial crisis.
For the week just ended, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 rose 13.5 sen to 1,231 sen per kg while latex-in-bulk fell 5.5 sen to 793.5 sen per kg.
The unofficial closing price for SMR 20 gained 22.5 sen to 1,226 sen per kg while latex-in-bulk dropped 3.5 sen to 794.5 sen per kg. -- Bernama
A dealer said the euro debt crisis will, however, continue to affect the market. "Traders are awaiting the solution to the eurozone debt crisis," he said.
During the four-day trading week, the market was mixed and its performance was affected by the rainy season and floods which as a result saw tight supply of the material. Traders were also monitoring the eurozone financial crisis.
For the week just ended, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 rose 13.5 sen to 1,231 sen per kg while latex-in-bulk fell 5.5 sen to 793.5 sen per kg.
The unofficial closing price for SMR 20 gained 22.5 sen to 1,226 sen per kg while latex-in-bulk dropped 3.5 sen to 794.5 sen per kg. -- Bernama
