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Rubber Market Closes Mixed Amid Steady Crude Oil Prices

Kuala Lumpur: The Malaysian rubber market experienced mixed trading today, aligning with regional rubber futures markets and influenced by steady benchmark crude oil prices, as reported by a market dealer. Market sentiment was buoyed by optimism surrounding the United States’ tariff negotiations and Chinese stimulus measures.

According to BERNAMA News Agency, market losses were mitigated by a stronger ringgit against the US dollar. The Malaysian Rubber Board reported at 3 pm that the price of Standard Malaysian Rubber (SMR) 20 rose by eight sen to 756.50 sen per kilogramme from Wednesday. Meanwhile, the price of latex in bulk decreased by four sen to 630.50 sen per kilogramme from the previous day.

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