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MARKET • 19/02/2025 05:06 PM

Rubber Market Closes Mixed Amid Weaker Futures, Stronger Ringgit

By Fatin Umairah Abdul Hamid

 KUALA LUMPUR, Feb 19 (Bernama) -- The Kuala Lumpur rubber market closed mixed on Wednesday, influenced by a downtrend in regional rubber futures markets and the strengthening of the ringgit against the United States (US) dollar, said a dealer.

The dealer noted that global market sentiment weakened due to fresh US tariff threats and escalating US-China trade tensions.

“Nevertheless, further losses were limited by gains in crude oil prices and concerns over a natural rubber supply shortage caused by wintering and inclement weather in producing countries. Additionally, hopes for further Chinese stimulus measures provided some support,” she told Bernama.

The Malaysian Rubber Board reported that, as of 3 pm, SMR 20 slipped five sen to 910.5 sen per kilogramme, while latex in bulk gained 2.5 sen to 690.0 sen per kilogramme.

-- BERNAMA

 

 

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