Rubber mart set to stay bullish

Rubber prices are expected to continue to scale new highs next week, says a dealer.
The dealer said solid demand and a tight supply due to the rainy season would continue to keep the market bullish.
"We will see the bad weather pushing prices while the high crude oil price will also boost the market," a dealer said.
He said the wintering season is expected to continue until April.

On a Friday-to-Friday basis, the Malaysian Rubber Board's official physical seller price for tyre-grade SMR 20 surged 53 sen to 1,646 sen per kg from 1,593 sen last week.
Latex in bulk rose 24 one sen to 1,028.5 sen per kg from 1,004.5 sen previously.
The unofficial seller closing price for tyre-grade SMR 20 rose 56.5 sen to hit 1,656.5 sen per kg from 1,600 sen last week, while latex in bulk increased 22.5 sen to 1,030.5 sen per kg from 1,008 sen previously.
(Source: http://www.btimes.com.my/Current_News/BTIMES/articles/20110122123911/Article/index_html)