MARKET LIKELY TO BE QUIET NEXT WEEK

16 Jul 2013 07:53

KUALA LUMPUR, July 13 (Bernama) -- The Malaysian rubber market is expected to be quiet next week as demand from the world's biggest rubber consumer, China, has slowed down, dealers said.

A dealer said China, with high inventories, has stopped importing rubber for the time being and this has dampened sentiment in the global commodity market.

On a Friday-to-Friday basis, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 fell 14 sen to 696 sen per kg while latex-in-bulk eased 8.5 sen to 524.50 sen per kg. The unofficial sellers' closing price for tyre-grade SMR 20 dropped 13 sen to 696 sen per kg and latex-in-bulk shed 8.5 sen to 524 sen per kg. -- BERNAMA

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