Kuala lumpur: The Malaysian rubber market ended mixed today, reflecting the performance of regional rubber futures markets amid recovering crude oil prices and a slightly weaker ringgit against the US dollar, a dealer said.
According to BERNAMA News Agency, market sentiment was influenced by positive developments concerning the European Union’s Deforestation Regulation (EUDR) and increasing expectations of further US interest rate cuts by the end of 2025. However, the potential impact of the ongoing China-Netherlands trade dispute on the automotive industry limited upward momentum.
Oil prices found support from sanctions-related supply risks and optimism regarding a potential US-China trade deal. At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber 20 (SMR 20) remained unchanged at 744.0 per kilogramme, while latex-in-bulk experienced a slight decrease by half-a-sen to 568.00 per kilogramme.