KUALA LUMPUR: Prices on the Malaysian rubber market are expected to trade soft this week on lack demand due the current higher prices, dealers said.
They said the prices are expected to decline between eight and 10% lower on the back of weak demand for the commodity.
“Most players may opt to delay fresh purchases and remain sidelined until prices begin to fall,” a dealer said.
On a week-to-week basis, the Malaysian Rubber board (MRB) official physical price for tyre grade SMR 20, decreased 59.0 sen to 1,304.5 sen per kg from the 1,363.5 sen per kg previous Friday. Latex in bulk fell 30.0 sen to settle at 956.0 sen per kg from 985.0 sen per kg previously.
The unofficial closing price for SMR 20 lost 73.0 sen to 1,292.0 sen per kg from 1,365.0 sen per kg previous Friday and latex-in-bulk shed 30.0 sen to 951.0 sen per kg from 982.0 sen per kg previously. Bernama
No comments:
Post a Comment