KUALA LUMPUR: The Malaysian rubber market is expected to be volatile this week amid uncertain global economic sentiment, a dealer said.
Rubber physical prices are likely to take its lead from the Tokyo Commodity Exchange and Shanghai Futures Exchange.
The market is closed tomorrow for the Wesak Day celebration.
On a week-to-week basis, the Malaysian Rubber board official physical price for tyre grade SMR 20, ended 12.5 sen higher at 1,317.0 sen per kg, from 1,304.5 sen per kg, registered the previous Friday. However, latex-in-bulk fell 15.0 sen to 941.0 sen per kg versus the previous Friday's close of 956.0 sen per kg.
The unofficial closing price for SMR 20 gained 34.0 sen to 1,326.0 sen per kg, against 1,292.0 sen per kg previously, and latex-in-bulk shed 6.5 sen to 944.5 sen, from 951.0 sen per kg, a week ago. Bernama
(Source: http://biz.thestar.com.my/news/story.asp?file=/2011/5/16/business/8687327&sec=business)
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