Latest news with #StandardMalaysianRubber
Barnama
19 hours ago
- Business
- Barnama
Rubber Market Ends Lower Amid Mixed Regional Rubber Market Performances
WORLD By Engku Shariful Azni Engku Ab Latif KUALA LUMPUR, Aug 18 (Bernama) -- The Malaysian rubber market closed lower on Monday, weighed down by mixed performances in the regional rubber futures markets, a dealer said. She said market sentiment was influenced by ongoing uncertainties surrounding the US economic outlook and the escalating Middle East crisis. "Nevertheless, further losses were limited by rising crude oil prices amid optimism over the US-Russia dialogue on a Ukraine ceasefire," she told Bernama today. She said Thailand's meteorological agency warned of heavy rains and accumulations that may cause flash floods and overflows from Aug 17-18 and Aug 22-23. At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber (SMR) 20 was down 7.5 sen to 729 sen per kilogramme (kg), while latex in bulk slid 3.5 sen to 568.50 sen per kg. -- BERNAMA
Barnama
4 days ago
- Business
- Barnama
Rubber Market Ends Higher On Raw Material Shortage Concerns
By Rosemarie Khoo Mohd Sani KUALA LUMPUR, Aug 15 (Bernama) -- The Malaysian rubber market concluded the week positively due to concerns over a shortage of natural rubber raw materials in major producer Thailand, caused by adverse weather forecasts, said a dealer. He said the weaker ringgit against the US dollar also lent support for the commodity today. 'Market sentiment was also lifted by the encouraging China's automobile sales data and improved optimism over a breakthrough to end geopolitics in Eastern Europe. 'Nonetheless, further gains were capped by losses in benchmark crude oils and a mixed trend in regional rubber futures markets,' the dealer told Bernama. At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber (SMR) 20 increased 10.0 sen to 736.50 sen per kilogramme (kg), while latex in bulk gained 2.0 sen to 572.0 sen per kg. -- BERNAMA
Barnama
5 days ago
- Business
- Barnama
Rubber Market Closes Easier In Tandem With Regional Futures Market
By Rosemarie Khoo Mohd Sani KUALA LUMPUR, Aug 14 (Bernama) -- The Malaysian rubber market extended its downtrend to close easier today in tandem with lower regional rubber futures markets and a stronger ringgit against the US dollar, said a dealer. She said the market sentiment was dampened by signs of a sluggish economy in China, where new yuan loans contracted in July for the first time in 20 years. A decline in the United States (US) automobile sales, which fell by 300,000 in June to 15.3 million from 15.6 million after a wave of rushed buying, also dragged down sentiment. Nevertheless, further losses were capped by gains in crude oil prices and concerns about potential natural rubber supply shortages due to rainy weather in Thailand. Thailand's meteorological agency warned of heavy rains and accumulations that may cause flash floods and overflows from Aug 13 to 19. At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber (SMR) 20 declined by 6.0 sen to 726.50 sen per kilogramme (kg), while latex in bulk shed 3.0 sen to 570.0 sen per kg. -- BERNAMA
Barnama
6 days ago
- Business
- Barnama
Rubber Market Close Lower On Weaker US Economic Data, Mixed Futures Market
WORLD By Rosemarie Khoo Mohd Sani KUALA LUMPUR, Aug 13 (Bernama) -- The Malaysian rubber market closed lower today, influenced by the weaker United States (US) economic data reported yesterday, and the mixed trend in regional rubber futures markets, said a dealer. According to reports, the US consumer prices in July were 2.7 per cent higher year-on-year, according to the Consumer Price Index (CPI) which tracks the cost of a basket of goods and services. The US' annual inflation rate has risen by 0.4 percentage points since April. Meanwhile, the dealer said market sentiment was also dampened by losses in crude oil prices and a stronger ringgit against the US dollar. 'Nevertheless, further losses were capped by the dwindling raw materials in major natural rubber (NR)- producing countries due to wet weather and the latest Chinese stimulus measures to boost their economic performance,' she told Bernama. At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber (SMR) 20 was down by 4.0 sen to 732.50 sen per kilogramme (kg), while latex in bulk dropped 4.5 sen to 573.0 sen per kg. -- BERNAMA
New Straits Times
7 days ago
- Business
- New Straits Times
Malaysia's natural rubber production up 5.9 per cent in June 2025
KUALA LUMPUR: Natural rubber (NR) production increased by 5.9 per cent to 25,679 tonnes in June 2025 versus 24,256 tonnes in May 2025, according to the Statistics Department Malaysia (DOSM) today. However, on a year-on-year (y-o-y) basis, NR production for the month was 14.1 per cent lower compared to 29,881 tonnes in June 2024, DOSM chief statistician Datuk Seri Dr Mohd Uzir Mahidin said in a statement today. He said smallholders accounted for 84.7 per cent of NR production for June 2025, while estates contributed 15.3 per cent. DOSM said month-on-month (m-o-m), NR stocks decreased by 11.4 per cent to 164,189 tonnes in June 2025 from 185,324 tonnes in May 2025. The rubber processor factory contributed 85.2 per cent of the stock, followed by the rubber consumers factory (14.7 per cent) and the rubber estates (0.1 per cent). NR exports totalled 29,719 tonnes in June 2025, down 17.3 per cent m-o-m against May 2025 (35,939 tonnes). China remained as the main destination for NR exports, accounting for 33.9 per cent of total exports in June 2025, followed by Germany (18.1 per cent), the United Arab Emirates (9.6 per cent), the United States (7.3 per cent) and India (3.8 per cent), DOSM said. Export performance was contributed by NR-based products such as gloves, tyres, tubes and rubber threads. Gloves exports stood at RM1.2 billion in June 2025, a 1.7 per cent fall against May 2025 (RM1.3 billion). Meanwhile, analysis of the average monthly price showed that the price of concentrated latex slid by 9.0 per cent to 558.66 sen per kg from 613.80 sen per kg in May 2025. Scrap decreased by 7.0 per cent m-o-m to 564.13 sen per kg in June 2025 from 606.67 sen per kg in May 2025. "Price trends for all Standard Malaysian Rubber (SMR) showed a decline of between 8.9 per cent and 10.7 per cent. The World Bank Commodity Price Data reported that the prices for TSR 20 (Technically Specified Rubber) decreased 5.4 per cent from US$1.70 per kg to US$1.61 per kg. "SGP/MYS (Singapore/Malaysia) decreased 1.5 per cent from US$2.19 per kg to US$2.16 per kg," it added.
