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Commodities eye

Board forecasts demand pick up in China, US

KUALA LUMPUR (NewsRise) -- Malaysian Rubber Board forecasts rubber prices to rise slightly next year as demand for tyres pick up in some select major economies such as the U.S. and China, although ample supply is expected to limit any sharp gain.

     The benchmark SMR20 grade rubber is likely to trade between 5.00 ringgit and 5.50 ringgit a kilogram in the first six months of 2016, said Malaysian Rubber Board Director-General Mohd Akbar Md Said. SMR20 is currently trading around 4.80 ringgit a kilogram.

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