Kuala Lumpur: The Malaysian rubber market closed slightly higher, supported by gains in crude oil prices, said a dealer. Gains were limited by losses in the regional rubber futures markets due to concerns surrounding the US-China trade talks and expectations of weaker Chinese economic data.
According to BERNAMA News Agency, the Japanese rubber futures eased on Thursday, retreating from a three-week high reached in the previous session. This decline came as investors remained sceptical that the US-China trade talks in Switzerland this weekend would yield a breakthrough.
At 3 pm, the Malaysian Rubber Board reported that the price of SMR 20 increased by 2.0 sen to 749.50 sen per kilogramme (kg) while latex in bulk was up by 2.5 sen to 600 sen per kg.