Local Rubber Market Rebounds After Four-day Slump On US Tariff Pause

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, April 10 (Bernama) -- The Malaysian rubber market ended a four-day losing streak on Thursday, closing higher in line with regional rubber futures markets.

This was following the announcement by US President Donald Trump of a 90-day pause on the implementation of reciprocal tariffs, said a dealer.

The dealer noted that Japanese rubber futures rebounded on Thursday, recovering from the previous day’s decline, as the tariff pause brought relief to investors.

However, further gains were limited by a stronger ringgit against the US dollar and losses in crude oil prices, amid ongoing concerns over the US-China trade war and weaker Chinese economic data, she told Bernama.

At the time of writing, Brent crude oil prices had fallen 2.23 per cent to US$63.79 per barrel.

Meanwhile, at 3 pm, the Malaysian Rubber Board reported that the Standard Malaysian Rubber (SMR) 20 price rose by 18.5 sen to 757 sen per kilogramme (kg), while latex in bulk increased by 1.5 sen to 557 sen per kg.

-- BERNAMA