Kuala lumpur: The rubber market finished higher on Tuesday, buoyed by encouraging economic data from China and an increase in automotive sales figures, said a dealer. Market sentiment was additionally influenced by a weaker ringgit against the United States dollar.
According to BERNAMA News Agency, further gains in the market were tempered by declining benchmark crude oil prices, as traders remained cautious about the US Federal Reserve's interest rate outlook. Japanese rubber futures remained steady as investors weighed the impact of a weaker yen against softer signals from China's auto sector.
The dealer highlighted that China's fiscal revenue rose by 0.8 percent in the first 10 months of 2025, marking a slight increase from the 0.5 percent growth recorded in January-September. Additionally, the China Association of Automobile Manufacturers reported a 15.7 percent year-on-year rise in China's automobile exports over the same period, with over 5.6 million vehicles shipped.
At 3 pm, the Malaysian Rubber Board announced that the price of Standard Malaysian Rubber 20 increased by 7.5 sen to 733 sen per kilogramme, while latex-in-bulk rose by 4.5 sen to 574.5 sen per kilogramme.