By Anas Abu Hassan
KUALA LUMPUR, Aug 25 (Bernama) -- The Malaysian rubber market closed mixed on Monday, tracking the uptrend in the regional rubber futures market amid rising oil prices, a dealer said.
He said market sentiment was also supported by concerns over dwindling raw material supplies in major natural rubber-producing regions due to wet weather forecasts.
“Top rubber producer Thailand's meteorological agency has issued a warning on heavy rains and accumulations that may cause flash floods and overflows from Aug 24 until 27, 2025,” he told Bernama.
Nevertheless, further gains were limited by fading hopes for an immediate ceasefire in the ongoing Russia-Ukraine conflict, coupled with a stronger ringgit against the US dollar.
At 5 pm, the ringgit rose to 4.2010/2085 from Friday’s close of 4.2245/2295.
At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber (SMR) 20 rose 15.5 sen to 742 sen per kilogramme (kg) while latex in bulk inched down by 1.0 sen to 566.5 sen per kg.
-- BERNAMA
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