{
    "success": true,
    "data": {
        "id": 1048210,
        "msgid": "kl-spore-rubber-prices-firmer-1447893297",
        "date": "1996-01-03 00:00:00",
        "title": "KL, S'pore rubber prices firmer",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "KL, S'pore rubber prices firmer KUALA LUMPUR (Reuter): Rubber prices were firmer at midday yesterday on shortcovering and in line with a higher Indonesian market, dealers said. \"The market is quiet and business is very slow at the start of the year,\" a dealer said. \"We are awaiting more enquiries from Europe to come in slowly after year-end holidays. Prices followed a higher Indonesian market. Some Asian enquiries were seen for SMR grades and sheet rubber.",
        "content": "<p>KL, S'pore rubber prices firmer<\/p>\n<p>KUALA LUMPUR (Reuter): Rubber prices were firmer at midday<br>\nyesterday on shortcovering and in line with a higher Indonesian<br>\nmarket, dealers said.<\/p>\n<p>\"The market is quiet and business is very slow at the start of<br>\nthe year,\" a dealer said. \"We are awaiting more enquiries from<br>\nEurope to come in slowly after year-end holidays.<\/p>\n<p>Prices followed a higher Indonesian market. Some Asian<br>\nenquiries were seen for SMR grades and sheet rubber.<\/p>\n<p>\"We expect more demand from foreign consumers as they have to<br>\nbuild up their stocks in view of raw material shortages,\" a<br>\ntrader said.<\/p>\n<p>Dealers said the supply situation remains tight. Rains in many<br>\nrubber growing areas have affected tapping.<\/p>\n<p>\"Producers are still quoting quite high prices,\" another<br>\ndealer said. SMR 20 was indicated at around 415 cents and January<br>\ndrum latex at 330 to 335 cents.<\/p>\n<p>Trading was cautious following a switch to new spot month<br>\nquotations.<\/p>\n<p>At noon, MRELB quoted new trading month Feb RSS 1 buyer at<br>\n397.50 cents (US$$1.56), up 1.50 cents from Friday. The market<br>\nwas closed on Monday for New Year holidays. Feb SMR 20 rose four<br>\ncents to 405.50 cents.<\/p>\n<p>Meanwhile, Singapore rubber futures were steadier by the close<br>\non shortcovering interest and position adjustments, traders said<br>\nyesterday.<\/p>\n<p>But dealings were thin at the start of the year and activity<br>\nwas mainly focused on forward RSS1 contracts.<\/p>\n<p>\"Some traders are still on a holiday mood,\" one broker said.<br>\n\"Several Thai firms remained shut today.\"<\/p>\n<p>Prices were sightly steadier in line with a similar trend in<br>\nthe cash market. The steadier prices also reflected position<br>\nadjustments at the start of the month.<\/p>\n<p>Traders said recent reports of floods in Malaysia and rains in<br>\nthe main Thai growing areas sidelined many origin sellers and<br>\nsparked renewed concerns among some buyers.<\/p>\n<p>By 0945 GMT, Feb RSS3 was untraded but April, May and June<br>\nwere each dealt at US$1.62 a kg. Common May\/June was last settled<br>\nat $1.59 .<\/p>\n<p>The market was closed on Monday for New Year holiday.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/kl-spore-rubber-prices-firmer-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}