Rubber Market Closes Mixed Tracking Regional Markets Performance
By Anas Abu Hassan
KUALA LUMPUR, Feb 27 (Bernama) -- The Kuala Lumpur rubber market ended mixed today in tandem with regional rubber futures markets performance, buoyed by ongoing worries over supply shortage from major producing countries, said a dealer.
She noted that global trade uncertainty is weighing on rubber prices, albeit supply-side concerns limiting the decline, while China’s natural rubber-producing regions have entered a low production season, further tightening the supply.
“Japanese rubber futures declined for a fourth consecutive session today, pressured by a stronger yen along with escalating trade tension fueled by the United States (US) tariff threats,” she told Bernama.
Nevertheless, further gains were capped by ongoing worries about US-China trade tensions as well as US tariff uncertainties.
As of 3 pm, the Malaysian Rubber Board reported that Standard Malaysian Rubber (SMR) 20 was unchanged at 910.5 sen per kilogramme (kg) while latex in bulk gained 5.5 sen to 709.5 sen per kg.
-- BERNAMA