Kuala Lumpur:The rubber market in Kuala Lumpur concluded on a positive note on Monday, propelled by gains in regional rubber futures markets, as reported by a market dealer.

According to BERNAMA News Agency, the market sentiment remained optimistic with an ongoing uptrend. However, there could be price volatility due to lower liquidity resulting from China's National Day holiday. Concerns over weather-related supply disruptions in Thailand, along with reduced expectations for further Federal Reserve rate hikes following weaker U.S. economic data, also supported the sentiment.

The dealer noted that Thailand's meteorological agency has issued warnings of heavy rain and flash floods from October 4 to 8. Additionally, the International Rubber Study Group (IRSG) highlighted that aging rubber trees and insufficient replanting might tighten long-term supply, while increasing vehicle and tire demand continues to support prices.

Despite these positive factors, the gains were limited by declining benchmark crude oil prices and ongoing geopolitical tensions. By 3 pm, Standard Malaysian Rubber 20 (SMR 20) had risen nine sen to 1053.5 sen per kilogram, while bulk latex increased by 4.5 sen to 754 sen per kilogram.