Malaysian Rubber Market Ends Mixed Ahead Of Labour Day Holiday

By Abdul Hamid A Rahman

KUALA LUMPUR, April 30 (Bernama) -- The Malaysian rubber market closed mixed today in tandem with regional rubber futures markets, said a dealer.

She said that Japanese rubber futures eased slightly on Wednesday and were set for their biggest monthly loss in eight years as the US tariff policy sparked concerns about global demand. Expectations of increased supply also put pressure on prices.

“Further gains (for Standard Malaysian Rubber 20 or SMR 20) were capped by a stronger ringgit against the US dollar, weak Chinese economic data and losses in crude oil prices,” she told Bernama.

At 3 pm, the Malaysian Rubber Board reported the price of SMR 20 rose seven sen to 745.5 sen per kilogramme (kg), while latex in bulk was down by 2.5 sen to 614 sen per kg.

The Kuala Lumpur rubber market will be closed tomorrow, May 1, in conjunction with the Labour Day public holiday and will resume operation on Friday, May 2.

-- BERNAMA