Malaysian Rubber Market Ends Higher
KUALA LUMPUR, May 9 (Bernama) -- The Malaysian rubber market ended the week higher ahead of the United States (US)-China trade talks and an increase in oil prices, said a dealer.
She said market sentiment was also buoyed by an encouraging economic outlook in China and hopes of easing US-China trade tensions.
“However, further gains were capped by mixed performance from regional rubber futures markets and a strong US labour market,” she said.
The dealer added that the Japanese rubber futures rose for a seventh consecutive session on Friday and were on track for weekly gains amid optimism ahead of the trade talks.
At 3 pm, the Malaysian Rubber Board reported that the price of SMR 20 rose by 6.5 sen to 756.0 sen per kilogramme (kg) while latex in bulk was up by 4.5 sen to 604.50 sen per kg.
The Kuala Lumpur rubber market will be closed on May 12, 2025 (Monday) in conjunction with Wesak Day public holiday and will resume operation on May 13.
-- BERNAMA