By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, June 12 (Bernama) -- The Kuala Lumpur rubber market extended its upward momentum to close higher on Friday, lifted by gains in regional rubber futures markets amid concerns of weather-related supply tightness, a dealer said.
He said fresh hopes of a peace deal between Iran and the United States further lifted market sentiment.
“However, further gains were capped by declining crude oil prices,” he told Bernama.
At the time of writing, Brent crude fell 4.26 per cent to US$86.53 per barrel.
The dealer said natural rubber supply concerns also help support physical rubber market prices. Thailand's meteorological department expects heavy rains over north Thailand, Myanmar, Laos and north Vietnam from June 12-17, 2026, raising supply concerns.
Meanwhile, oil prices fell today, after US President Donald Trump cancelled plans to strike Iran, reducing fears of the West Asia crisis escalating after a week of tit-for-tat attacks.
At 3 pm, the price of Standard Malaysian Rubber (SMR) 20 rose 7.5 sen to 928.50 sen per kilogramme (kg), while latex-in-bulk increased by five sen to 781 sen per kg.
-- BERNAMA
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