Kuala Lumpur: The Kuala Lumpur rubber market ended lower on Friday, influenced by weaker sentiment from regional rubber futures markets, said a dealer.
According to BERNAMA News Agency, a cautious sentiment has prevailed in the market with the impending United States election, alongside escalating geopolitical conflicts in the Middle East. Nevertheless, further losses were limited by gains in benchmark crude oil prices and positive Chinese economic data, the dealer noted.
At 5 pm, Brent crude oil prices rose by 2.62 per cent to US$74.72 per barrel. The Malaysian Rubber Board reported that the price of Standard Malaysian Rubber 20 (SMR 20) declined by 6.5 sen to 860.0 sen per kilogramme (kg), while latex in bulk fell by five sen to 731.5 sen per kg. By the end of the day, SMR 20 stood at 862.5 sen per kg, while latex in bulk was at 726.5 sen per kg.
