Rubber Market Closes Higher On Firmer Crude Oil Prices

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Nov 6 (Bernama) -- The Malaysian rubber market ended higher today, supported by firmer crude oil prices and gains in the Shanghai Futures Exchange, a dealer said.

She said market sentiment was also lifted by optimism over further Chinese stimulus measures.

“However, further gains were capped by lingering uncertainty over the United States (US) tariff policy and expectations of weaker Chinese economic data,” she told Bernama.

The dealer said oil prices edged higher on Wednesday as oversupply concerns eased, rebounding after hitting a two-week low in the previous session amid softer demand.

She also noted that tariff uncertainty in the US continued to cloud the demand outlook, as legal challenges could alter the trajectory of US-China trade relations, affecting global supply chains and pricing.

“China's export growth is also expected to slow in October, as overseas orders tapered off following months of front-loading to beat US President Donald Trump's tariffs,” she added.

At 3 pm, the Malaysian Rubber Board (MRB) reported that the price of Standard Malaysian Rubber 20 (SMR 20) gained 11.5 sen to 727.5 sen per kilogramme (kg), while latex-in-bulk increased by 2.5 sen to 570 sen per kg.

-- BERNAMA