Malaysian rubber prices are expected to trend higher next week on higher demand amid tight supply globally.
A dealer said the current rainy season in rubber producing countries would lead to tight supply.
The local market was also expected to track the performance of regional markets, he added.
During the week just ended, the commodity traded lower as most players were reluctant to take heavy positions due to long festive holidays.
The Malaysian Rubber Board's official physical seller price for tyre-grade SMR 20 declined to three sen to 1,646.5 sen per kg from 1,649.5 per kg last week.
Latex-in-bulk slipped 1.5 sen to 1,023.0 sen per kg from 1,024.5 sen per kg previously.
The unofficial seller closing price for tyre-grade SMR 20 rose 1.5 sen to 1,648.0 sen per kg from 1,646.5 sen per kg last week while latex-in-bulk slipped one sen to 1,022.5 sen per kg from 1,023.5 sen per kg. – Bernama
(Source: http://www.btimes.com.my/articles/20110205180258/Article/)
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