Kuala lumpur: The Kuala Lumpur rubber market ended higher on Monday, supported by gains in crude oil prices and a weaker ringgit against the US dollar. At the time of writing, the Brent crude oil price surged 2.2 percent to US$114.96 per barrel.
According to BERNAMA News Agency, the upside momentum in the rubber market was tempered by mixed signals from regional rubber futures, uncertainties regarding the Middle East conflict, and declining prospects of the auto industry in China. A dealer noted that Shanghai rubber futures rose on Monday, supported by strong physical demand and speculative buying amid rising oil prices.
At 3 pm, the price of Standard Malaysian Rubber (SMR) 20 increased by 12 sen to 815 sen per kilogram, marking a new high in 2026, while latex in bulk rose by seven sen to 696.50 sen per kilogram.