Rubber Ends Lower, Tracking Mixed Trends In Regional Future, Crude Oil Prices

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Feb 3 (Bernama) -- The Kuala Lumpur rubber market ended lower on Tuesday, driven by mixed signals from regional futures and crude oil prices, a dealer said.

He said market sentiment was further weighed down by negative Chinese economic data and delays in United States economic data releases due to the partial US government shutdown.

“However, further losses were capped by positive global manufacturing indicators and optimism over a potential easing of geopolitical tensions,” he told Bernama.

The dealer also said Japanese rubber futures fell for a third straight session on Tuesday due to weak domestic demand.

At 3 pm, the Standard Malaysian Rubber (SMR) 20 dropped 10 sen to 754.50 sen per kilogramme (kg), while latex-in-bulk inched down by 1.5 sen at 576 sen per kg. 

-- BERNAMA