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Rubber Market Ends Lower On Mixed Regional Cues

Kuala lumpur: The Malaysian rubber market ended lower today, tracking mixed cues from the regional rubber futures markets amid a stronger ringgit against the United States (US) dollar, a dealer said.

According to BERNAMA News Agency, the market sentiment was also affected by a sluggish economic outlook due to weak global manufacturing activity and US tariff uncertainties. Factory activities in many Asian economies reportedly declined in June as the US tariff uncertainty kept demand low. However, signs of modest relief for manufacturers have raised the stakes in trade talks with Washington amid the region’s uncertain economic recovery prospects.

Further losses were reportedly capped by concerns about a natural rubber supply shortage due to adverse weather in major producer Thailand. Thailand’s meteorological agency has issued warnings about heavy rainfall and accumulation from June 30 to July 6, which could impact rubber supply.

At 3 pm, the Malaysian Rubber Board (MRB) reported that the price of Standard Malaysian Rubber 20 (SMR 20) fell by 3.0 sen to 703.00 sen per kilogramme (kg), while latex in bulk declined by 2.0 sen to 582.50 sen per kg.

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