The Malaysian rubber prices are likely to ease next week as players are expected to stay on the sidelines in anticipation of the fall in prices, dealers said.
A dealer, however, said the market's underlying fundamentals remained intact due to the tight supply.
He said the local rubber prices would also track the movements of regional rubber futures markets like the Tokyo Commodity Exchange and Singapore Commodity Exchange for direction.
On a week-to-week basis, the Malaysia Rubber Board (MRB) physical price for tyre-grade SMR 20 declined to 1,537 sen per kg from 1,573 sen last Friday while latex-in-bulk decreased to 1,064.5 sen per kg from 1,098.5 sen previously.
Meanwhile, MRB's unofficial price for tyre-grade SMR 20 slipped to 1,532.5 sen per kg from 1,575 sen last Friday while latex-in-bulk fell to 1,060.5 sen per kg from 1,098 sen last Friday. – Bernama
(Source: http://www.btimes.com.my/articles/20110416120741/Article/)
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