Kuala lumpur: The Kuala Lumpur rubber market concluded Wednesday's trading session on a lower note, influenced by declines in regional rubber futures markets, as reported by a dealer. The market faced downward pressure due to anticipated increases in natural rubber supply from major Southeast Asian producers following the wintering season, along with renewed uncertainty regarding the United States-Iran peace talks.

According to BERNAMA News Agency, significant Southeast Asian rubber-producing nations, including Thailand, Indonesia, and Vietnam, have reportedly boosted production post-wintering season. This increase in supply has contributed to the subdued market sentiment. Furthermore, global market conditions remained cautious amidst ongoing uncertainties related to US-Iran peace discussions and the broader geopolitical climate in West Asia.

Nonetheless, the dealer highlighted that the market's decline was mitigated by robust Chinese manufacturing activity and sustained demand for rubber from its tyre production sector. Chinese buyers continue to purchase rubber to manufacture tyres for export, supporting the market amid a gradual global economic recovery.

As of 3 pm today, Standard Malaysian Rubber prices fell by two sen to 866 sen per kilogram, while latex-in-bulk prices dropped by five sen to 750 sen per kilogram.