Rubber mart to see quiet trading
Quiet trading is expected in the Malaysian rubber market next week due to lacklustre trading interest as traders are in festive mood, dealers said.
Local rubber prices are expected to hold at 1,027.0 sen per kg range, a dealer said.
“The market will not move much next week as not much transaction will take place. The festive mood has already been felt in trading this week ahead of the Hari Raya celebrations as the market was in a quiet and steady tone,” he said.
SHANGHAI (Dow Jones)–A Shanghai Futures Exchange official said Thursday that there hasn’t been an investigation so far into rubber futures trading, despite market rumors of a probe.
“We are not aware of (the China Securities Regulatory Commission) looking into Shanghai natural rubber futures trading, and we haven’t received any notice from the regulator to look into rubber trading,” the official, who declined to be named, told Dow Jones Newswires by phone. (full article)
Rubber prices may go up to Rs 18,000 per quintal level
Surge in rubber prices in the international markets coupled with increased buying from tyre makers may push the prices of the commodity in the domestic market to Rs 18,000 per quintal level.
Rubber prices jumped by Rs 250 from Rs 16,450 per quintal to Rs 16,700 yesterday as on September 6, 2010. (full article)