Rubber market expected to trade range-bound with upside bias

For the week just ended, Malaysian rubber was traded firmly with gains for five straight sessions.

KUALA LUMPUR: The Malaysian rubber market is expected to trade range-bound with an upside bias this week, supported by demand from China and possible stocking activities in Europe.

There is a strong inclination that prices could climb steadily on consistent buying from China, seen in recent weeks, and European stocking activity ahead of the end of summer holidays, said Denis Low Jau Foo, the immediate past president of the Malaysian Rubber Glove Manufacturers Association.