Rubber Market Closes Mixed Amid Steady Crude Oil Prices

By Rosemarie Khoo

KUALA LUMPUR, April 24 (Bernama) -- The Malaysian rubber market traded mixed today, in tandem with regional rubber futures markets, amid steady benchmark crude oil prices, said a dealer. 

She noted that market sentiment was also supported by growing optimism over the United States' tariffs negotiations and Chinese stimulus measures. 

“Nevertheless, further losses were limited by a stronger ringgit against the US dollar,” she told Bernama.

At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber (SMR) 20 increased by eight sen to 756.50 sen per kilogramme (kg) from Wednesday, while latex in bulk was down by four sen to 630.50 sen per kg yesterday.

-- BERNAMA