Rubber Market Ends Mixed Following Regional Futures Movements

The kuala lumpur: rubber market ended mixed today, tracking movements in the regional rubber futures market, a dealer said. She noted that market sentiment was influenced by the ongoing geopolitical crisis and uncertainty surrounding US monetary policy. According to BERNAMA News Agency, Japanese rubber futures fell for a second straight session today, pressured by rising tyre stockpiles in top consumer China and slowing tyre production. The dealer also highlighted that oil prices rose for a second day and were set for their third weekly gain, amid uncertainty about the future of supply from Venezuela and increasing concerns about output in Iran. At 4.58 pm, the ringgit weakened to 4.0705/0770 against the US dollar from yesterday's close of 4.0580/0650. Meanwhile, at 3 pm, Standard Malaysian Rubber (SMR) 20 increased by two sen per kilogramme to 760.5 sen per kg, while latex in bulk remained unchanged at 575 sen per kg.