Rubber Market Closes Higher, Tracking Regional Futures

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Dec 10 (Bernama) -- The Kuala Lumpur rubber market continued its upward momentum on Wednesday driven by positive cues from regional rubber futures, a dealer said.

She said persistent concerns over tight natural rubber supply following adverse weather in Thailand also weighed down sentiment.

"However, these gains were offset by bearish signals from weak Chinese economic data," she told Bernama.

She also noted that Japanese rubber futures advanced for the fourth straight session on Wednesday, buoyed by a weaker yen and ongoing supply concerns in major producing countries.

At 3 pm, the price of Standard Malaysian Rubber (SMR) 20 surged by 12 sen to 730.5 sen per kilogramme (kg), while latex-in-bulk inched up by a sen to 577.5 sen per kg.

-- BERNAMA