Kuala lumpur: The Kuala Lumpur rubber market ended mixed on Thursday, pressured by declines in regional rubber futures and weaker crude oil prices, a dealer said. At the time of writing, the Brent crude oil price reduced by 1.73 per cent to US$68.26 per barrel.
According to BERNAMA News Agency, market sentiment was further dampened by uncertainty surrounding the United States monetary policy following mixed official statements. The dealer mentioned that the market's outlook was affected by these uncertainties.
However, the dealer noted that further downside was capped by concerns over lower production in major natural rubber-producing countries. This factor provided some support to the market and prevented sharper declines.
At 3 pm, Standard Malaysian Rubber (SMR) 20 was down by 5.5 sen to 750.50 sen per kilogramme (kg), while latex-in-bulk stood at 576.5 sen per kg.