A sense of optimism is in the air this week with an expected improvement on rubber prices based con the projections of the recovering economic data from China and the United States.
Being the biggest rubber consumer globally, Chia is expanding its imports of the commodity for restocking. Another factor woth take into account is the the supply and demand situation and the futures market too will have a profound impact on the commodity's price.
The movements on the Tokyo Commodity Exchange (TOCOM) and the Shanghai Futures Exchange this week will be on the radar of The Malaysian rubber market.
The movements on the Tokyo Commodity Exchange (TOCOM) and the Shanghai Futures Exchange this week will be on the radar of The Malaysian rubber market.
Rubber Trivia:
- On a week-to-week basis, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 increased 34 sen to end the week at 777.5 sen a kg against 743.5 sen a kg last Friday.
- Latex-in-bulk increased four sen to 590 sen a kg from 586 sen a kg previously.
- The unofficial sellers’ closing price for tyre-grade SMR 20 gained 33.5 sen to 794 sen a kg while latex-in-bulk improved 7.5 sen to 593.5 sen a kg.
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