By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, March 30 (Bernama) -- The Kuala Lumpur rubber market ended higher on Monday, supported by gains in crude oil prices and a weaker ringgit against the US dollar.
At the time of writing, the Brent crude oil price surged 2.2 per cent to US$114.96 per barrel.
"However, the upside momentum was tempered by mixed (signals) from regional rubber futures, uncertainties regarding the Middle East conflict and declining prospects of the (auto) industry in China," a dealer told Bernama.
The dealer said Shanghai rubber futures rose on Monday, supported by strong physical demand and speculative buying amid rising oil prices.
At 3 pm, the price of Standard Malaysian Rubber (SMR) 20 rose 12 sen to 815 sen per kilogramme (kg), which was a new high in 2026, while latex in bulk rose seven sen to 696.50 sen per kg.
-- BERNAMA
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