Rubber Market Ends Mixed, Tracking Loses In Regional Futures

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Feb 5 (Bernama) -- The Kuala Lumpur rubber market ended mixed on Thursday, pressured by declines in regional rubber futures and weaker crude oil prices, a dealer said.

At the time of writing, the Brent crude oil price reduced by 1.73 per cent to US$68.26 per barrel.

The dealer said market sentiment was further dampened by uncertainty surrounding the United States monetary policy following mixed official statements.

“However, further downside was capped by concerns over lower production in major natural rubber-producing countries,” she told Bernama.

At 3 pm, Standard Malaysian Rubber (SMR) 20 was down by 5.5 sen to 750.50 sen per kilogramme (kg), while latex-in-bulk stood at 576.5 sen per kg. 

-- BERNAMA