China–US Trade Talks To Lift Rubber Market 

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Nov 1 (Bernama) -- The Malaysian rubber market is expected to trade with upward bias next week, leveraging on improved sentiment arising from recent China-United States (US) trade talks, said industry expert Denis Low.

He said the news might provide some relief to traders and influence the market sentiment while demand for the commodity is expected to increase.

“The world has heaved a sigh of relief. It certainly augurs well for commerce.

“We will also see renewed enthusiasm in buying and stocking ahead of the impending North-East monsoon season,” he told Bernama.

Low noted that the Thai Meteorological Department had issued a storm warning for southern Thailand as heavy rains loomed due to shifting monsoon patterns.

Meanwhile, in Malaysia, the Meteorological Department has issued a thunderstorm warning for several states, which could hamper productivity and raise supply concerns.

On a Friday-to-Friday basis, the Malaysian Rubber Board’s reference price for Standard Malaysian Rubber 20 (SMR 20) declined by 17.5 sen to 731 sen per kilogramme (kg), while latex-in-bulk fell by 3.0 sen to 565.50 sen per kg.

-- BERNAMA