Rubber market ends May on higher note | DZHI - DZH International 

Rubber market ends May on higher note

  • i2Matrix
  • 3 June 2019
KUALA LUMPUR (May 31): The rubber market ended the last day of trading in May on a higher note, mirroring the bullish performance of regional rubber futures, on concerns over a supply shortage. 
However, a dealer said, gains were capped by the decline in oil prices and weaker factory manufacturing activity in China. 
It was reported that China's official Purchasing Managers' Index contracted more than expected in May to 49.4 from 50.1 in April. 
Meanwhile, oil prices continued on a downtrend mode, with Brent crude standing at US$64.33 per barrel, as trade war worries continued. 
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 rose 11.0 sen to 642.5 sen a kg, while latex-in-bulk was 4.0 sen higher at 493.5 sen a kg. 
The unofficial closing price for tyre-grade SMR 20 improved 11.0 sen to 647.0 sen a kg, while latex-in-bulk increased 5.0 sen to 495.0 sen a kg. 
-- Bernama  


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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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