Kuala Lumpur: The Malaysian rubber market ended the day with mixed outcomes, driven by higher regional rubber futures and a stronger ringgit compared to the US dollar, as reported by a dealer.

According to BERNAMA News Agency, the rubber market witnessed fluctuations due to several factors. The supply of natural rubber was affected by wintering and heavy rains in key rubber-producing countries. Additionally, there was optimism regarding US-China tariff negotiations and potential Chinese stimulus measures, which bolstered market sentiment.

Despite these positive influences, the strengthening of the ringgit and falling crude oil prices created some negative pressure. The decline in oil prices, nearly two percent during Asian trading hours, was attributed to US-Iran discussions on Iran's nuclear program, which reduced fears of supply disruptions. A temporary ceasefire between Russia and Ukraine for Easter Sunday also contributed to a decrease in oil's risk premium.

At 3 pm, the Malaysian Rubber Board noted a rise in the price of Standard Malaysian Rubber (SMR) 20, which increased by 9.5 sen to 760.50 sen per kilogramme from last Thursday's prices. Conversely, latex in bulk saw a decrease of 5.0 sen, bringing it to 646.50 sen per kilogramme.

The Kuala Lumpur rubber market did not operate on Friday, April 18, due to the Good Friday holiday.