Kuala Lumpur: The Malaysian rubber market ended higher today, in tandem with the uptrend in regional rubber futures markets and a weaker ringgit against the dollar, a dealer said. She noted that Japanese rubber futures rose on Monday due to easing US-China trade tensions, although gains were limited by a firm supply outlook in top producer Thailand.

According to BERNAMA News Agency, at 4.50 pm, the local currency eased to 4.2935/4.2975 against the US dollar from Friday’s close of 4.2900/2980. Further gains in the rubber market were restrained by losses in crude oil prices amid concerns over the US-China trade talks and anticipation of weaker Chinese economic data, the dealer told Bernama.

At the time of writing, Brent crude oil prices had declined by 0.79 percent to US$64.92 per barrel. Meanwhile, at 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber 20 (SMR 20) increased by 5.5 sen to 764.50 sen per kilogram, while latex in bulk rose by 2.5 sen to 611.50 sen per kg.