With this, the total export volume of rubber products shrank 19% y-o-y in May.
The team at RHB Bank Singapore (RHB) are staying “underweight” on the rubber products sector, after noting that the Department of Statistics Malaysia (DOSM) reported a 6% m-o-m contraction in May export volume.
The drop is a 21-month low following a 22% m-o-m decline in April.
