Rubber Report - 12 July 2018 Rubber Report - 12 July 2018 | DZHI - DZH International 

Rubber Report - 12 July 2018

  • i2Matrix
  • 12 July 2018
Malaysia NR market remains weak amid lackluster trade
KUALA LUMPUR, Malaysia—The Kuala Lumpur natural rubber market was weak in the month of June, amid poor market sentiment in the early part of the month, according to a recent monthly report by the Malaysian Rubber Board.
Global commodities and equities markets drifted lower in the first half of the month resulting from concerns over lingering trade tensions between the U.S. and China.
Nevertheless, the market recovered modestly after mid-month, owing to firmer oil prices and as the ringgit continued to depreciate against the U.S. dollar.
Overall, according to the Malaysian Rubber Board, the rubber market ruled in "quiet condition and demand was not encouraging", as most buyers were "on the sidelines, waiting for fresh leads."
-- ERJ



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Benny Lee

Founder of i2Matrix. A market strategist, private trader and sought-after financial speaker and trainer in the Asian Region, Benny Lee has coached hundreds of professional and retails traders and investors in Malaysia, Singapore, Hong Kong, Thailand, Vietnam, Pakistan for more than 13 years. His passion in trading and chart analysis leads him to develop trading strategies that have helped him and many others to trade and invest successfully in the financial markets.

Benny Lee is recognized by the Malaysian and Singapore Stock Exchange as a Credible Trainer. He has also trained professionals in Malaysia under Securities Commission’s Continuous Professional Education (CPE) Program. He is also a market strategist Jupiter Securities Sdn Bhd, a Malaysian stock-broking firm.

Benny has been invited to share his expert opinion in major commodities and financial events in Malaysia, Singapore, India, Indonesia, Vietnam, Thailand, and Romania. His analysis on the financial markets can also be found on a regular basis in leading financial magazines like Smart Investor, Shares Investment Magazine and The Edge Daily in Malaysia, and Pulses Magazine in Singapore. He has also appeared on TV Financial Programs such as Capital TV (Malaysia), Channel News Asia (Singapore) and Sunbiz (Pakistan) to share his views about the markets and technical analysis.

Today, you can find his market comments regularly on The Financial Edge Daily (Wednesdays), Interview on BFM89.9 ( business radio station on Mondays at 9.00 am, The Busy Weekly, a Chinese business weekly and Palm Oil Fortune (A monthly magazine by the Malaysian Palm Oil Council, MPOC). His views are also regularly quoted on Bloomberg.

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