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Rubber Market Ends Lower On Weaker Regional Futures Market

Kuala Lumpur: The Malaysian rubber market ended lower today, weighed down by weaker cues from regional rubber futures markets, a dealer said. She mentioned that market sentiment was also dented by heightened uncertainties over the United States (US) tariff policy.

According to BERNAMA News Agency, Japanese rubber futures edged lower on Tuesday. This decline was pressured by muted economic data from Beijing and a stronger yen, although losses were limited by worsening weather conditions in top producer Thailand. The dealer noted that further losses were capped by steady benchmark crude oil prices and renewed optimism over further stimulus in China and progress in the US and China de-escalating tensions.

Meanwhile, at 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber 20 (SMR 20) declined by 11.5 sen to 753.0 sen per kilogramme (kg), while latex in bulk was down by one sen to 610.50 sen per kg.

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