Rubber market to remain on downtrend next week

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CORONAVIRUS | Margma says demand could be low down to lockdown in Thailand and Indonesia.

| The Malaysian rubber market is likely to continue its downward trend next week due to sluggish demand as Covid-19 lockdowns in Thailand and Indonesia takes place., the Malaysian Rubber Glove Manufacturers Association president Denis Low said there will be uncertainties with trading volume expected to be low.

However, he said prices may shoot up if there is absolutely no tapping activities causing a severe shortage of the commodity.

 

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