The Malaysian rubber market is likely to remain quiet next week as some players are expected to stay on the sidelines and await further drop in prices, dealers said.
However, they said the market's underlying fundamentals remained intact due to the tight supply in major producing countries.
During the week just-ended, local rubber prices eased amid a lack of strong buying.
The rubber market was closed on Friday due to the Good Friday celebration.
On a Friday-to-Thursday basis, the Malaysian Rubber Board's official daily physical price for tyre-grade SMR 20 declined 59.0 sen to 1,478 per kg from 1,537.0 last Friday and latex-in-bulk eased 35.5 sen to 1,029.0 sen per kg from to 1,064.5 sen per kg previously.
Meanwhile, MRB's unofficial price for tyre-grade SMR 20 fell 62.5 sen to 1,470.0 sen per kg from to 1,532.5 sen per kg last Friday and latex-in-bulk slipped 35.5 sen to 1,025.0 sen per kg from 1,060.5 sen per kg previously. – Bernama
(Source: http://www.btimes.com.my/articles/20110423115350/Article/)
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