Rubber Market Ends Lower Amid Mixed Regional Peers’ Performance

The kuala lumpur: rubber market finished lower on Thursday amid mixed performance in the regional rubber futures market, a dealer said. Market sentiment was also weighed down by mixed crude oil prices and a stronger ringgit against the US dollar. Oil prices were little changed after US President Donald Trump stepped back from tariff threats over Greenland.

According to BERNAMA News Agency, investors digested a build-up in US crude inventories and recent supply disruptions. Nevertheless, further losses were capped by concerns over dwindling raw material supplies in major natural rubber-producing countries due to adverse weather conditions, as well as China's latest stimulus measures.

At the time of writing, Brent crude oil was down 0.61 percent to US$64.82 a barrel. At 3 pm, Standard Malaysian Rubber (SMR) 20 eased one sen to 742.5 sen per kilogramme (kg), while latex-in-bulk remained unchanged at 576 sen.