Rubber mart expected to rise further

The Malaysian rubber market is expected to sustain its upward momentum next week as demand continues to outstrip supply, said a dealer.
"However, the market will be quiet as buyers remain sidelined in anticipation of lower prices ahead as output was expected to pick up after the wintering season," said the dealer, adding that this could exert pressure on prices in coming months.
But prices can still sustain above the 1,500 sen per kg level, said another dealer.
On a week-to-week basis, the Malaysia Rubber Board (MRB) physical price for tyre-grade SMR 20 rose 52.5 sen to 1,573 sen per kg, from last Friday's 1,520.5 sen per kg, while latex-in-bulk added 30.5 sen to 1,098.5 sen per kg, from 1,068 sen per kg.

Meanwhile, MRB's unofficial price for tyre-grade SMR 20 increased 59 sen to 1,575 sen per kg, from 1,516 sen per kg, while latex-in-bulk gained 30 sen to 1,098 sen per kg, from 1,068 sen per kg, registered last Friday.
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