Rubber Market Ends Lower On Weaker Regional Cues, Crude Prices

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, May 16 (Bernama) -- The Malaysian rubber market ended lower on Friday, tracking weaker cues from regional rubber futures markets and benchmark crude oil prices, a dealer said.

She added that prevailing uncertainties over US tariff policy also dampened market sentiment.

“Nevertheless, further losses were capped by the positive outlook of economic growth for China and the US amid signs of de-escalation between both countries,” she told Bernama.

Meanwhile, as of 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber (SMR) 20 declined by 10 sen to 759 sen per kilogramme (kg), while latex in bulk was down by 3.0 sen to 609 sen per kg.

-- BERNAMA