Latest news with #StandardMalaysianRubber20
Barnama
5 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
6 days ago
- Business
- Barnama
Rubber Market Ends Slightly Higher On Firm Crude Oil Prices, Regional Gains
She told Bernama market sentiment was also lifted by the Association of Natural Rubber Producing Countries' (ANRPC) projection data on global natural rubber production amid growing hopes of Chinese stimulus measures. KUALA LUMPUR, May 27 (Bernama) -- The Malaysian rubber market ended slightly higher today, boosted by steady benchmark crude oil prices and an uptick in the regional rubber futures markets, said a dealer. However, further gains were capped by the worsening Middle East conflict, which heightened global economic uncertainties. ANRPC reported that global natural rubber production is expected to grow marginally by 0.5 per cent in 2025 compared to 2024. At the same time, demand for natural rubber is projected to have a slower growth of 1.3 per cent this year. At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber 20 (SMR 20) increased by 10 sen to 735.5 sen per kilogramme (kg), while latex in bulk went up by three sen to 627 sen per kg.
