Kuala Lumpur:The rubber market in Kuala Lumpur has extended its gains for the third consecutive day, driven by firmer regional rubber futures, positive developments in US-China and US-Iran talks, and a tighter supply due to adverse weather conditions, according to a dealer.

According to BERNAMA News Agency, the dealer noted that sentiment was bolstered by Chinese policy measures aimed at supporting the automobile industry, alongside ongoing supply constraints caused by weather-related issues.

Despite these factors, the potential for further gains was limited by a stronger ringgit against the US dollar and rising expectations of tighter US monetary policy. The dealer quoted President Donald Trump, stating that US officials had a "very good" and productive meeting with Iranian representatives in New York, which raised hopes for resolving conflicts in West Asia and reducing disruptions around the Strait of Hormuz.

Additionally, US and Chinese officials provided optimistic reports on preparatory talks, including discussions related to artificial intelligence safety and trade, in anticipation of President Xi Jinping's visit to the US from September 23 to 25.

By 3 pm, the Standard Malaysian Rubber 20 (SMR 20) increased by 14.5 sen, reaching 1,006.5 sen per kilogram, while bulk latex rose by five sen to 725.5 sen per kilogram.