Malaysian Rubber Market Prices Ranging per Kg

Malaysian rubber market is expected to see steady trading this week with its price ranging between 1,319 sen to 1,354 sen per kg, dealers said.

?Prices may move in tandem with most markets in the region,? said a dealer.

The dealer said the recovering global oil price could help push the Tokyo rubber futures, but profit-taking activities could curb the price rise.

On a week-to-week basis, the Malaysian Rubber Board's official physical noon price for tyre-grade SMR 20 stayed flat at RM1,354 sen per kg as with previous Friday's closing, while latex-in-bulk gained five sen to 882.5 sen per kg from 887.5 sen per kg previously.

The unofficial closing price for tyre-grade SMR 20 increased to another 8.5 sen to 1,360 sen per kg from 1,351.5 sen per kg which was recorded previous Friday, while latex-in-bulk decreased five sen to 887.5 sen per kg from 892.5 sen per kg previous last Friday.