KL Rubber Market Ends Mixed Amid Regional Futures Gains

By Abdul Hamid A Rahman

KUALA LUMPUR, June 30 (Bernama) -- The Kuala Lumpur rubber market ended mixed on Tuesday, supported by gains in regional rubber futures markets and a slightly weaker ringgit against the US dollar, a dealer said.

However, further gains were capped by lower crude oil prices, concerns over the United States (US) economic outlook following weaker trade data, and lingering uncertainty surrounding the US-Iran peace process, he told Bernama.

The dealer noted that market sentiment was also boosted by improved manufacturing activity in China, which raised expectations of stronger rubber demand, supportive Chinese banking policies, and Bank of America’s upgraded global growth outlook.

“China’s manufacturing Purchasing Managers’ Index (PMI) returned to expansion territory at 50.3 in June, while the composite PMI rose to 50.6.

“Meanwhile, Bank of America raised its global growth forecast to 3.2 per cent for 2026 following easing energy market concerns after the Iran peace agreement,” he added.

At 3 pm today, the price of Standard Malaysian Rubber (SMR) rose by nine sen to 868 sen per kilogramme (kg), while latex-in-bulk fell by 4.5 sen to 755 sen per kg. 

-- BERNAMA