KUALA LUMPUR, Dec 10 (Bernama) -- Tuesday, weighed down by declining benchmark crude oil prices, a dealer said.
He said the market sentiment was further influenced by mixed signals from the regional rubber futures market and heightened geopolitical tensions in the Middle East.
“Nonetheless, losses were limited by concerns over tightening natural rubber supply due to adverse weather conditions in major producing countries,” he told Bernama.
Oil prices eased slightly on Tuesday, retreating after earlier gains driven by stimulus pledges from China, the world’s largest importer, and escalating tensions in Syria, the dealer added.
Meanwhile, Thailand’s Meteorological Department has issued warnings of heavy to very heavy rains from Dec 12 to 15, which could result in flash floods in some areas.
The Malaysian Rubber Board reported that the price of Standard Malaysian Rubber 20 (SMR 20) fell by nine sen to 907.50 sen per kilogramme (kg), while latex-in-bulk eased one sen to 694.00 sen.
At 5 pm, SMR 20 stood at 900.50 sen per kg, and latex-in-bulk was at 692.50 sen per kg.
-- BERNAMA
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