Latest news with #MalaysianRubberBoard
Barnama
3 days ago
- Business
- Barnama
Rubber Market Reverses Gains, Tracks Regional Losses
The decline was attributed to ongoing concerns over the United States' economic outlook as tariff uncertainty persists, said a dealer, adding that further losses were capped by gains in oil prices and a weaker ringgit against the US dollar. KUALA LUMPUR, May 28 (Bernama) -- The Malaysian rubber market snapped previous gains to close lower, following losses in regional rubber futures markets. 'Market sentiment was also supported by a decline in rubber production in Thailand, along with optimism regarding US-European Union trade relations,' the dealer told Bernama. The Japanese rubber futures fell on Wednesday, as fears of a prolonged price war in China's automobile market weakened sentiment for the tire-making material. At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber 20 (SMR 20) declined by 19 sen to 716.5 sen per kilogramme (kg), while latex in bulk was down by 1.5 sen to 625.5 sen per kg.
Barnama
21-05-2025
- Business
- Barnama
Rubber Market Ends Mixed Amid Weaker Regional Futures Market
By Nur Athirah Mohd Shaharuddin KUALA LUMPUR, May 21 (Bernama) -- The Malaysian rubber market ended with mixed results today, following losses in the regional rubber futures market, said a dealer. Market sentiment was also dampened by concerns over strained US-China relations, the economic impact of the United States' trade tariffs and the lack of progress on fresh trade deals, she said. 'Nevertheless, further losses were capped by gains in crude oil prices and encouraging Chinese economic data,' the dealer told Bernama. Japanese rubber futures declined on Wednesday due to an improved supply outlook as production areas began their harvest season. However, demand for the tyre-making material is increasing, along with concerns about inclement weather, she noted. At 5.25 pm, Brent crude oil prices increased by 1.45 per cent to US$66.36 per barrel. At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber (SMR) 20 rose by 14.0 sen to 743 sen per kilogramme (kg) while latex in bulk was down by 3.0 sen to 601.50 sen per kg. -- BERNAMA
Barnama
19-05-2025
- Business
- Barnama
Rubber Market Ends Higher On Regional Futures Uptrend
By Nur Athirah Mohd Shaharuddin KUALA LUMPUR, May 19 (Bernama) -- The Malaysian rubber market ended higher today, in tandem with the uptrend in regional rubber futures markets and a weaker ringgit against the dollar, a dealer said. She said Japanese rubber futures inched up on Monday on easing US-China trade tensions, though gains were capped by a firmer supply outlook in top producer Thailand. At 4.50 pm, the local currency eased to 4.2935/4.2975 versus the greenback from Friday's close of 4.2900/2980. 'Further gains were capped by losses in crude oil prices amid concerns of the US-China trade talks along with an anticipation of weaker Chinese economic data,' the dealer told Bernama. At the time of writing, Brent crude oil prices declined 0.79 per cent to US$64.92 per barrel. Meanwhile, at 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber 20 (SMR 20) rose by 5.5 sen to 764.50 sen per kilogramme (kg), while latex in bulk was up by 2.5 sen to 611.50 sen per kg. -- BERNAMA
Barnama
13-05-2025
- Business
- Barnama
Rubber Market Ends Higher Amid Easing US-China Trade Tensions
By Fatin Umairah Abdul Hamid KUALA LUMPUR, May 13 (Bernama) -- The Malaysian rubber market ended higher today, supported by the upward momentum in regional rubber futures markets, driven by improved global sentiments as a result of the de-escalation of trade tensions between the United States (US) and China, a dealer said. The dealer said the market was also buoyed by a slightly weaker ringgit against the US dollar and renewed hopes of further stimulus from China. Yesterday, it was reported that Washington will cut its China trade tariffs to 30 per cent from 145 per cent, while Beijing will cut its US tariffs to 10 per cent from 125 per cent. 'Nevertheless, further gains were capped by weaker advice from benchmark crude oil prices and weaker Chinese economic data,' she told Bernama. At the time of writing, Brent crude oil prices declined 26 per cent to US$64.86 per barrel. Meanwhile, at 3 pm, the Malaysian Rubber Board reported that the price of SMR 20 rose by 14 sen to 770 sen per kilogramme (kg) while latex in bulk was up by 6.5 sen to 611 sen per kg. -- BERNAMA
Barnama
05-05-2025
- Business
- Barnama
Rubber Market Ends Lower Due To Weaker Oil Prices, Stronger Ringgit
By Nur Athirah Mohd Shaharuddin KUALA LUMPUR, May 5 (Bernama) -- The Malaysian rubber market closed lower today, pressured by falling crude oil prices and a stronger ringgit against the US dollar. Trading was also subdued due to public holidays in several regional rubber markets, a dealer said. At 4.35 pm, the local currency strengthened to 4.2140/2200 versus the greenback from Friday's close of 4.2560/2600, making Malaysian rubber less competitive in international markets. The dealer said concerns over the impact of US trade tariffs on the global economic outlook continued to weigh on market sentiment. 'Nevertheless, further losses were capped by concerns over dwindling raw material supply in major natural rubber (NR) producing countries due to wet weather, as well as optimism over United States trade talks, following signs of easing trade tensions,' he said. At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber (SMR) 20 dropped 9.0 sen to 729 sen per kilogramme (kg), while latex in bulk fell 4.50 sen to 604.50 sen per kg. -- BERNAMA
