Market and product
Malaixia: Rubber prices set to retreat
A dealer, however, said the market's underlying fundamentals remained intact due to the tight supply.
He said the local rubber prices would also track the movements of regional rubber futures markets like the Tokyo Commodity Exchange and Singapore Commodity Exchange for direction.
On a week-to-week basis, the Malaysia Rubber Board (MRB) physical price for tyre-grade SMR 20 declined to 1,537 sen per kg from 1,573 sen last Friday while latex-in-bulk decreased to 1,064.5 sen per kg from 1,098.5 sen previously. Meanwhile, MRB's unofficial price for tyre-grade SMR 20 slipped to 1,532.5 sen per kg from 1,575 sen last Friday while latex-in-bulk fell to 1,060.5 sen per kg from 1,098 sen last Friday.
