Kuala lumpur: The Kuala Lumpur rubber market concluded its three-day winning streak with a slight decline, influenced by mixed advice from regional rubber markets, as reported by a dealer. Market sentiment was further affected by declining vehicle sales in China and reduced prospects for a December interest rate cut in the United States.

According to BERNAMA News Agency, additional factors limiting further losses included a weaker ringgit against the US dollar, news regarding semiconductor availability, and ongoing concerns over rubber supply. Japanese rubber futures saw an increase, bolstered by a softer yen and worries regarding supply.

The dealer highlighted reports indicating that rubber tapping in China's major producing regions, Yunnan and Hainan, is expected to cease by the end of this month, decreasing domestic natural rubber supply. This, along with winter stockpiling, is anticipated to support rubber prices. Furthermore, China expressed approval of the Netherlands' decision to withdraw from controlling chip maker Nexperia, labeling it a positive development towards alleviating chip supply shortages following discussions between the countries.

The Malaysian Rubber Board reported that, as of 3 pm, the price of Standard Malaysian Rubber (SMR) 20 decreased by 9 sen to 726 sen per kilogramme, while latex-in-bulk prices remained stable at 575.5 per kilogramme.