Rubber Market Closes Mixed, Tracking Weaker Regional Market Amid Better Oil Prices

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Oct 22 (Bernama) -- The Malaysian rubber market ended mixed today, mirroring the performance of regional rubber futures market, amid recovering crude oil prices and a slightly easier ringgit against the US dollar, a dealer said. 

He said market sentiment was buoyed by positive developments surrounding the European Union’s Deforestation Regulation (EUDR) and growing expectations of further US interest rate cuts by the end of 2025. 

However, upside momentum was limited by concerns over the potential impact of the China-Netherlands trade dispute on the automotive industry. 

Oil prices were better supported by sanctions-related supply risks and hopes of a US-China trade deal.

At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber 20 (SMR 20) remained unchanged at 744.0 per kilogramme (kg), while latex-in-bulk went down slightly by half-a-sen to 568.00 per kg.

-- BERNAMA