KL Rubber Market Ends Lower, In Sync With Regional Market

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Feb 10 (Bernama) -- The Kuala Lumpur rubber market ended lower today, in tandem with the decline in the regional rubber futures markets amidst rising concerns over the United States (US) trade tariff decision, said a dealer.

She said the market sentiment also remained cautious ahead of the upcoming US inflation data.

“Nevertheless, further losses were capped by gains in oil prices,” she told Bernama.

The dealer noted that the Japanese rubber market fell to a one-month low on Monday as tariff threats from US President Donald Trump exacerbated concerns of a global trade war.

She said Trump will introduce new 25 per cent tariffs on all steel and aluminum imports into the US, on top of its existing metals duties.

At 4.30 pm, Brent crude oil prices increased by 0.78 per cent to US$75.24 per barrel.

The Malaysian Rubber Board reported that at 3 pm, the price of Standard Malaysian Rubber 20 (SMR 20) fell by seven sen to 883.0 sen per kilogramme (kg), while latex in bulk inched down by two sen to 687.5 sen per kg.

-- BERNAMA