Rubber Market Ends Lower, Tracking Regional Futures Performance

By Harizah Hanim Mohamed

KUALA LUMPUR, April 28 (Bernama) -- The Malaysian rubber market eased today in tandem with regional rubber futures markets.

Market sentiment remained subdued amid concerns over global economic uncertainties due to the United States (US)-China trade tensions, said a dealer. 

She noted that, nevertheless, further losses were capped by gains in oil prices, a steady ringgit against the US dollar and optimism over China’s potential recovery supported by stimulus measures. 

“Chinese stocks were subdued amid ongoing uncertainties surrounding US-China trade talks,” she told Bernama.

At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber (SMR) 20 dropped 5.0 sen to 747.50 sen per kilogramme (kg), while latex in bulk fell by 4.0 sen to 621.50 sen per kg.

-- BERNAMA