Rubber Market Closes Higher On US-China Trade War Truce, Firmer Greenback

KUALA LUMPUR, Nov 3 (Bernama) -- The Malaysian rubber market ended higher today, supported by the US-China trade war truce, said a dealer.

She said sentiment also improved following the strengthening of the US dollar, which climbed to a three-month high.

However, she noted that further gains were capped by weaker regional rubber futures and sluggish factory activity in Asia as market participants digested statistics released by the Association of Natural Rubber Producing Countries (ANRPC). “Global natural rubber production is forecast by the ANRPC to increase by 1.3 per cent, while demand is expected to grow by 0.8 per cent in 2025, mainly due to adjustments in Indonesia’s production and consumption patterns,” she said.

At 3 pm, the Malaysian Rubber Board (MRB) reported that the price of Standard Malaysian Rubber 20 (SMR 20) added one sen to 732.00 sen per kilogramme (kg), while latex-in-bulk increased by 0.5 sen to 566.00 sen per kg.

-- BERNAMA