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MARKET • 17/01/2025 05:30 PM

KL Rubber Market Ends Lower Amid Mixed Regional Futures Market

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Jan 17 (Bernama) -- The Kuala Lumpur rubber market ended the week on a lower note today amid mixed advice from regional rubber futures markets, said a dealer. 

She said market players were cautious about the additional United States trade tariffs in 2025 and strong US economic data that supported the decision to fewer US interest rate cuts. 

“Nevertheless, further losses were capped by gains in oil prices coupled with the weaker ringgit against the US dollar, amid encouraging Chinese economic data,” the dealer told Bernama. 

At 3 pm, the Malaysian Rubber Board reported that the Standard Malaysian Rubber 20 was lower by 9.5 sen per kilogramme (kg) to 884.50 sen per kg from Thursday’s 894.00 sen per kg.

Latex in bulk decreased by 1.0 sen per kg to 670.50 sen per kg from 671.50 sen per kg previously.

-- BERNAMA

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