Rubber Market Ends Mixed in Kuala Lumpur

Kuala Lumpur: The Kuala Lumpur rubber market closed mixed today in tandem with regional rubber futures markets. A dealer noted that Asian equity markets slipped amid concerns over geopolitical tensions in Europe and the Middle East and that further losses in the rubber market were capped by gains in crude oil prices.

According to BERNAMA News Agency, at 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber 20 (SMR 20) increased by 1.5 sen to 703.00 sen per kilogramme (kg). Meanwhile, latex-in-bulk saw a decline, falling by 3.5 sen to 579.00 sen per kg.