LATEST NEWS   PM Anwar, Turkmenistan President Serdar Berdimuhamedov witnessed the signing of a strategic cooperation agreement between Petronas and Turkmenistan authorities-- PMO | At 6 pm, the ringgit eased to 4.1340/1395 versus the US dollar from Thursday's close of 4.1145/1195 | The collaboration opens up space for more strategic engagements in future, including exploring the great potential of Turkmenistan's natural gas sector, which has among the world's largest gas reserves - PMO | Gabungan Kelab Media Malaysia (GKMM) state affiliates receive RM10,000, GKMM receive RM30,000 from Communications Ministry - Fahmi | The achievement comes as Malaysia and Turkmenistan mark 30 years of cooperation in the energy sector, which has been a key pillar of bilateral relations between the two countries -- PMO | 
MARKET • 07/11/2025 06:33 PM

Rubber Market Closes Mixed On Weaker Regional Futures

By K. Naveen Prabu

KUALA LUMPUR, Nov 7 (Bernama) -- The Malaysian rubber market ended mixed today, influenced by weaker advice in the regional rubber futures markets, said a dealer.

He said market sentiment was further weighed down by disappointing Chinese economic data and renewed United States-China trade tensions. 

“China’s exports dropped 1.1 per cent, the weakest since February, as US-bound shipments plunged over 25 per cent due to tariffs,” he told Bernama.

He said further losses, however, were limited by gains in crude oil.

“Oil rose on Friday following three days of declines on worries about excess supply and slowing demand in the US,” he said.

At 3 pm, the Malaysian Rubber Board (MRB) reported that the price of Standard Malaysian Rubber 20 (SMR 20) declined 7.50 sen to 720.00 sen per kilogramme (kg), while latex-in-bulk remained unchanged at 570 sen per kg.

-- BERNAMA

 

 

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