Rubber Market Closes Higher On Firmer Chinese Economic Data

By Danni Haizal Danial Donald

KUALA LUMPUR, Nov 18 (Bernama) -- The rubber market finished higher on Tuesday, lifted by encouraging Chinese economic data and stronger automotive sales figures, said a dealer.

He said that market sentiment was further supported by a weaker ringgit against the United States dollar.

“However, further gains were limited by declining benchmark crude oil prices, as traders remained cautious about the US Federal Reserve's interest rate outlook,” he told Bernama.

The dealer said Japanese rubber futures were steady on Tuesday as investors weighed a weaker yen against softer signals from China's auto sector.

He noted that China's fiscal revenue rose 0.8 per cent in the first 10 months of 2025, up slightly from the 0.5 per cent growth recorded in January-September.

“According to the China Association of Automobile Manufacturers, China's automobile exports rose 15.7 per cent year-on-year in the first 10 months of 2025, with over 5.6 million vehicles shipped,” he added.

At 3 pm, the Malaysian Rubber Board said the price of Standard Malaysian Rubber 20 rose 7.5 sen to 733 sen per kilogramme, while latex-in-bulk increased 4.5 sen to 574.5 sen per kilogramme.

-- BERNAMA