By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, May 20 (Bernama) -- The Malaysian rubber market ended lower today, weighed down by weaker cues from regional rubber futures markets, a dealer said.
She said market sentiment was also dented by heightened uncertainties over the United States (US) tariff policy.
“Japanese rubber futures edged lower on Tuesday, pressured by muted economic data from Beijing and a stronger yen, although losses were limited by worsening weather conditions in top producer Thailand,” she told Bernama.
Nevertheless, the dealer said further losses were capped by steady benchmark crude oil prices and renewed optimism over further stimulus in China and progress in the US and China de-escalating tensions.
Meanwhile, at 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber 20 (SMR 20) declined by 11.5 sen to 753.0 sen per kilogramme (kg), while latex in bulk was down by one sen to 610.50 sen per kg.
-- BERNAMA
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