Malaysian rubber market to see better performance

ERJ staff report (TP)

Kuala Lumpur − The Malaysian rubber market is expected to perform better this week in anticipation of limited supply of the commodity, reported The Business Times.

Dealers said the wet weather in rubber producing countries would create a shortage in the raw material and this would boost prices.

A dealer said the market would continue to closely watch the performance of rubber futures prices on the Tokyo Commodity Exchange as the easing of the Japanese yen will push up the Tokyo rubber futures.

On a Friday-to-Friday basis, the Malaysian Rubber Board's official physical price for tire-grade SMR 20 fell half-a-sen to 736.5 sen (€1.69) a kg, while latex-in-bulk eased seven sen to 512.5 sen (€1.17).

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Full story from The Business Times