Kuala Lumpur: The Malaysian rubber market closed higher on Monday, driven by an upward momentum in regional rubber markets, said a dealer. She noted that the increase was supported by a weaker ringgit against the United States (US) dollar and a positive natural rubber projection from the Association of Natural Rubber Producing Countries.

According to BERNAMA News Agency, prices were also supported by the seasonal tightening of raw materials in major producing countries amid optimism for further Chinese stimulus measures. However, further gains were limited by uncertainties surrounding US tariffs, escalating global trade tensions, and easing crude oil prices.

The Malaysian Rubber Board reported that as of 3 pm, the Standard Malaysian Rubber (SMR) 20 increased by 10.5 sen to 890.5 sen per kilogramme (kg). In contrast, the price of latex in bulk declined by one sen to 687.5 sen per kg.