The Malaysian rubber market is likely to be remain quiet next week as most market players will be away for the Federal Territory and Chinese New Year holidays.
However, the market will continue to track trends on the Tokyo rubber futures and Shanghai rubber futures markets.
For the week just-ended, rubber prices were rangebound over concerns that Thailand, the major rubber producer, could face a supply shortage due to floods.
On a Friday-to-Friday basis, the Malaysian Rubber Board's official physical seller price for tyre-grade SMR 20 rose 3.5 sen to 1,649.5 per kg from 1,646 sen per kg last week.
The latex-in-bulk slipped four sen to 1,024.5 sen per kg from 1,028.5 sen per kg previously.
The unofficial seller closing price for tyre-grade SMR 20 declined 10 sen to 1,646.5 sen per kg from 1,656.5 sen last week, while latex-in-bulk slipped seven sen to 1,023.5 sen per kg from 1,030.5 sen previously.
(Source: http://www.btimes.com.my/Current_News/BTIMES/articles/20110129111315/Article/index_html)
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