Malaysian Rubber Market Ends Mixed Amid SMR 20 Gains

KUALA LUMPUR, May 7 (Bernama) -- The Malaysian rubber market closed on a mixed note on Wednesday, buoyed by an uptrend in the Standard Malaysian Rubber (SMR) 20, supported by a rebound in regional rubber futures markets.

According to a dealer, market sentiment was further lifted by rising benchmark crude oil prices and a weaker ringgit against the US dollar.

“However, gains were limited due to ongoing concerns over the economic impact of US trade tariffs,” she told Bernama.

The dealer noted that oil prices rose, holding slightly above recent four-year lows, as investors focused on US-China trade talks and signs of lower US production.

At 3 pm, the Malaysian Rubber Board reported that the price of SMR 20 rose by 4.5 sen to 747.50 sen per kilogramme (kg) while latex in bulk declined by 4.0 sen to 597.50 sen per kg.

-- BERNAMA