KUALA LUMPUR: The local rubber market is expected to trade range-bound due to the uncertain weather condition and slow growth of market demand, the Malaysian Rubber Glove Manufacturers Association’s (MARGMA) immediate past president Denis Low said.
He expects an ample supply to return as heavy rainfall has abated.
“The price ought to stay range-bound at best while demand remains unpredictable in light of the current global situation, except for restocking activities,” he said, adding that the volatility in crude oil prices and the US dollar might influence the prices and demand of rubber.
On a weekly basis, the Malaysian Rubber Board’s (MRB) reference physical price for SMR 20 jumped 18.5 sen to 605.5 sen from 587.0 sen a kg last Friday while latex-in-bulk added 3.0 sen to 537.0 sen from 534.0 sen a kg previously.
At 5 pm on Friday, the MRB closing price for SMR 20 stood at 604.5 sen a kg while latex-in-bulk was at 537.0 sen a kg. - Bernama
Source: The Sun Daily
A word from our sponsor:
Need Help With Your Personal Finance / Money Issue or need a coach to help you structure or just want to learn the financial skill to self manage your financial matters and retirement. iLearnFromCloud.com
Need to solve a problem quickly, now you can solve it by learning the art of problem solving Art Of Problem Solving
Feeling hungry. Latest food news from Best Restaurant To Eat Malaysian Food and Travel Blog
Memory loss. Need to organize better. Solve problem fast with Free Mind Mapping Software Mind Mapping 101
Need A Customized System Development for your business or Going Paperless XPERT TECHNOLOGIES - Empowering The Paperless Economy
No comments:
Post a Comment