KUALA LUMPUR, June 6 (Bernama) -- The Malaysian rubber market ended mixed today despite the upward momentum in regional rubber futures markets, a dealer said.
Traders remained cautious as they closely monitored renewed trade talks between China and the United States and signs of further Chinese stimulus measures. “Nevertheless, further gains were capped by the declining benchmark crude oil,” the dealer told Bernama.
She noted that Japanese rubber futures hit a one-week high on Friday, buoyed by hopes of easing US-China trade tensions, but the contract was set for a modest weekly loss amid signs of weakness in the US economy.
She said that US President Donald Trump's flagging of a “very good” call with Chinese President Xi Jinping sparked some optimism over renewed trade talks between Washington and Beijing.
At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber 20 (SMR 20) inched up half a sen to 691.0 sen per kilogramme (kg) while latex in bulk eased by 3.5 sen to 601.5 sen per kg.
-- BERNAMA
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