Rubber Market Ends Slightly Higher

KUALA LUMPUR, May 29 (Bernama) -- The Malaysian rubber market ended slightly higher, supported by gains in crude oil prices.

A dealer said that further gains were capped by a mixed performance in the regional rubber futures markets.

She said the Japanese rubber futures traded within a thin range on Thursday as investors weighed a prolonged price war in China’s vehicle market against wet weather in key production areas.

Meanwhile, top rubber producer Thailand’s meteorological agency warned of heavy rain and accumulations that could cause flash floods and advised farmers to be wary of crop damage.

At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber 20 (SMR 20) and latex in bulk increased by one sen to 717.5 sen per kilogramme (kg) and 626.5 sen per kg.

-- BERNAMA