Rubber Market Ends Higher Amid Mixed Regional Futures
By Danni Haizal Danial Donald
KUALA LUMPUR, Sept 21 (Bernama) -- The Kuala Lumpur rubber market ended higher today amid mixed movements in regional rubber futures markets, said a dealer.
The dealer said signs of positive United States (US)-China trade talks, China's push to strengthen advanced manufacturing and ongoing El Niño-related supply risks provided support for natural rubber prices.
“However, gains were limited by lower crude oil prices and a slightly stronger ringgit against the US dollar.
“The weaker US manufacturing activity and persistent geopolitical tensions in West Asia also weighed on market sentiment,” he told Bernama.
He said US Treasury Secretary Scott Bessent described the latest talks with China as successful, ahead of the expected meeting between US President Donald Trump and China’s President Xi Jinping this week.
“The US and China are discussing tariff reductions on around US$30 billion of goods, raising hopes of easing trade tensions and supporting global economic activity,” he said.
At 3 pm, the price of Standard Malaysian Rubber 20 (SMR 20) increased five sen to 982.50 sen per kilogramme (kg), while latex in bulk rose one sen to 718 sen per kg.
-- BERNAMA