Rubber Market Ends Lower Amid Mixed Regional Peers' Performance

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Jan 22 (Bernama) -- The Kuala Lumpur rubber market finished lower on Thursday amid mixed performance in the regional rubber futures market, a dealer said.

She said market sentiment was also weighed down by mixed crude oil prices and a stronger ringgit against the US dollar.

Oil prices were little changed after US President Donald Trump stepped back from tariff threats over Greenland.

Meanwhile, investors digested a build-up in US crude inventories and recent supply disruptions.

“Nevertheless, further losses were capped by concerns over dwindling raw material supplies in major natural rubber-producing countries due to adverse weather conditions, as well as China’s latest stimulus measures,” she told Bernama.

At the time of writing, Brent crude oil was down 0.61 per cent to US$64.82 a barrel.

At 3 pm, Standard Malaysian Rubber (SMR) 20 eased one sen to 742.5 sen per kilogramme (kg), while latex-in-bulk remained unchanged at 576 sen.

-- BERNAMA