• 30/10/2026 05:52 PM

Rubber Market Ends Lower On Regional Weakness, Stronger Ringgit

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Oct 30 (Bernama) -- The Kuala Lumpur rubber market closed lower on Friday, weighed down by weaker sentiment in regional rubber futures markets and a stronger ringgit against the US dollar, a dealer said.

He said market sentiment was dampened by the latest developments in West Asia and cautious downstream demand in China, despite a recovery in operations following the Golden Week holiday.

“However, the Association of Natural Rubber Producing Countries (ANRPC) projected that global natural rubber demand will surpass production by 2026, which helped mitigate further losses. This prediction comes on the heels of stronger-than-anticipated economic data from the United States and stable benchmark crude oil prices,” the dealer told Bernama.

At 5.28 pm, the local currency appreciated to 4.0545/0590 against the greenback from yesterday’s close of 4.0575/0620.

At 3 pm, the price of Standard Malaysian Rubber 20 (SMR 20) fell by 4.50 sen to 994.0 sen per kilogramme (kg), while latex in bulk declined by 0.5 sen to 787.50 sen per kg.