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• 26/08/2026 05:56 PM

Rubber Market Ends Higher

By Danni Haizal Danial Donald

KUALA LUMPUR, Aug 26 (Bernama) -- The rubber market closed higher on Wednesday as concerns over supply disruptions stemming from El Nino and resilient demand from the United States automotive sector supported market sentiment, said a dealer.

However, the dealer said gains were limited by a stronger ringgit against the US dollar, weaker regional rubber futures prices, lower oil prices, renewed US-China trade tensions and weaker US economic data.

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“Asian stocks mostly rebounded on Wednesday as a sharp drop in oil prices eased inflation concerns, while firmer rubber prices in China and improving supply-demand conditions provided support to market sentiment.

“Resilient US vehicle demand remained supportive, with August new vehicle sales pace expected to stay above the 16 million seasonally adjusted annual rate (SAAR) level, indicating relatively stable tyre demand,” she told Bernama.

At 3 pm, the price of Standard Malaysian Rubber 20 (SMR 20) rose by one sen to 958 sen per kilogramme (kg), while latex in bulk increased by three sen to 684.50 sen per kg.

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The Kuala Lumpur rubber market was closed yesterday (Aug 25) for the Maulidur Rasul public holiday.

-- BERNAMA

 

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