Kuala lumpur: The Malaysian rubber market closed mixed today, mirroring the performance of regional rubber futures markets, a dealer said. She stated that the market sentiment was weighed down by falling crude oil prices and growing uncertainties over the United States' trade tariffs.
According to BERNAMA News Agency, further losses were limited by ongoing concerns over tight natural rubber supplies. The Japanese rubber futures rose, buoyed by increased downstream demand as companies replenish inventories and concerns over heavy rains in top producer Thailand.
Meanwhile, oil prices eased in Asia but held near one-month highs due to new US sanctions on a network of shipping companies and vessels. At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber (SMR) 20 increased by 2.5 sen to 755.50 sen per kilogramme, while latex in bulk fell by half-a-sen to 575.0 sen per kg.