Rubber Market Closes Higher On US-China Trade War Truce, Firmer Greenback

Kuala lumpur: The Malaysian rubber market ended higher today, supported by the US-China trade war truce, said a dealer. She said sentiment also improved following the strengthening of the US dollar, which climbed to a three-month high.

According to BERNAMA News Agency, further gains were capped by weaker regional rubber futures and sluggish factory activity in Asia as market participants digested statistics released by the Association of Natural Rubber Producing Countries (ANRPC). The ANRPC forecasts global natural rubber production to increase by 1.3 percent, while demand is expected to grow by 0.8 percent in 2025, mainly due to adjustments in Indonesia's production and consumption patterns.

At 3 pm, the Malaysian Rubber Board (MRB) reported that the price of Standard Malaysian Rubber 20 (SMR 20) added one sen to 732.00 sen per kilogramme (kg), while latex-in-bulk increased by 0.5 sen to 566.00 sen per kg.