Rubber Market Ends Lower Tracking Regional Futures Mart
By Rosemarie Khoo
KUALA LUMPUR, April 25 (Bernama) -- The Malaysian rubber market traded lower today in tandem with the regional rubber futures markets performance and a stronger ringgit against the US dollar, said a dealer.
She noted that market sentiment remained subdued amid concerns over global economic uncertainties owing to brewing trade war and geopolitical tensions.
“Nevertheless, further losses were capped by gains in oil prices and optimism over potential Chinese economic recovery supported by stimulus measures,” she told Bernama.
At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber (SMR) 20 dropped 4.0 sen to 752.50 sen per kilogramme (kg), while latex in bulk fell by 5.0 sen to 625.50 sen per kg.
-- BERNAMA