"Bad weather conditions has been disrupting output and the market's direction next week will be determined by external leads mainly from the Tokyo Commodity Exchange and Shanghai Rubber Futures market," a dealer said.
Meanwhile, Thai rubber production is expected to fall by 30,000 tonnes, annually, for the next six years following damages caused by floods.
He said future steps taken by China to combat inflation and its effect on demand would take a toll on prices.
For the just-ended week, the Malaysian Rubber Board's official physical noon price for tyre-grade SMR 20 declined to 1,329.5 sen per kg from 1,342.0 sen last Friday, while latex-in-bulk increased to 874.5 sen per kg from 862 sen, previously.
The market was closed last Wednesday in conjunction with the Hari Raya Aidiladha celebration.
Meanwhile, the unofficial closing price for tyre-grade SMR 20 jumped to 1,337.5 sen per kg, from 1,328.0 sen last Friday, while latex-in-bulk rose to 878.0 sen per kg from 860.0 sen, previously. -- Bernama
(Source: http://www.btimes.com.my/Current_News/BTIMES/articles/20101120121320/Article/index_html)
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