KL Rubber Market Ends Mixed
KUALA LUMPUR, Feb 4 (Bernama) -- The Kuala Lumpur rubber market turned mixed on Tuesday, influenced by weaker regional rubber futures market performance and declining benchmark crude oil prices, a dealer said.
She said global market sentiment was further dampened by traders' concerns about a renewed United States (US)-China trade war after China responded to the American trade tariffs with a slew of retaliatory measures.
“Nevertheless, further losses were capped by concerns of a supply shortage due to the adverse weather forecast in major producing countries, optimism for further Chinese stimulus measures and encouraging US economic data,” she said.
The Malaysian Rubber Board (MRB) reported that at 3 pm, the price of Standard Malaysian Rubber 20 (SMR 20) slipped by 18.5 sen to 885.50 sen per kilogramme (kg), while latex in bulk increased by 3.0 sen to 688.50 sen per kg.
-- BERNAMA