The Malaysian rubber market is likely to maintain a mixed trading next week, tracking the ringgit movement against the US dollar and global crude oil prices, a dealer said.
He said the rubber prices would also move in tandem with the prices of other commodities, as well as regional futures markets, namely the Tokyo Commodity Exchange and Shanghai Futures Exchange.
The global oil price movements would also affect the rubber market next week as the Organisation of the Petroleum Exporting Countries (OPEC) and other suppliers looked set to continue withholding output for the rest of the year and potentially into 2019.
Another dealer said despite reports that fears of a global trade war easing, the U.S. technology sector losses on Wall Street weighed on market sentiment.
Source: Global Rubber Market