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Possible rubber price increase in the mid-term

PETALING JAYA: Malaysian rubber grade SMR 20 and latex-in-bulk are expected to trade higher in the mid-term as demand for natural rubber picks up due to soaring crude oil prices which makes synthetic rubber more expensive, dealers said.


Commodity prices soar on speculative momentum

PETALING JAYA: Commodity prices surged yesterday, with crude palm oil (CPO) price on Bursa Derivatives up by almost 5% in a day, as rising speculative momentum pushed prices of basic raw materials from crude oil to copper to new multiple-months' highs.


Active buying interest could spur short-term comodities rally

PETALING JAYA: Local commodities like crude palm oil (CPO), tin, rubber and steel could be heading for a short-term rally bolstered by active buying interest from institutional and fund managers on most major world commodities.


Synthetic compared to natural rubber gloves

THE demand for synthetic rubber or nitrile gloves is growing at a robust pace, but even so, industry players do not expect it to replace the need for natural rubber, which currently makes up 70% of global consumption.


Passing on rising costs to customers

GLOVE makers faced a triple whammy last year in the form of higher latex price and an upward revision in gas and power rates. To offset the rising production cost, they raised the prices of their products three times.


Rubber prices to ease

Malaysian rubber prices are expected to ease below RM5 a kg this week should the downtrend in the rubber markets in Tokyo and Singapore as well as the weak crude oil prices prolong.


Hartalega rises to second place

The release of buoyant results of industry leader Top Glove Corp Bhd last week has confirmed that global demand for rubber gloves continue to be firm.


Manufacturing sales up 15%

The manufacturing sector continued to record a year-on-year double digit growth in sales value of 15% to RM52.5bil in July.


Rubber price remains high on steady demand

The price of rubber has managed to remain relatively steady despite a steep correction in prices of other commodities due to burgeoning demand. An increase in the consumption of rubber as well as high prices of crude oil, which is used to make synthetic rubber, had pushed up natural rubber prices in recent months, experts said.


Group: Glove exports to rise 6% this year

Malaysian Rubber Glove Manufacturers' Association expects rubber glove exports to grow by 6% this year despite higher raw material prices.