Malaysian Rubber Market Price:
By Farhand Poniman
KUALA LUMPUR — The Malaysian rubber market is expected to decline next week on profit-taking, given the dwindling demand and ample supply.
A dealer said there was a wide difference between the rubber price on a Friday-to-Friday basis, which would likely trigger a technical correction next week.
“Market sentiment is also bearish at the moment, with European styrene butadiene rubber (SBR) spot prices expected to decline in the coming weeks, due to dwindling demand and ample supply.