LATEST NEWS   The ASEAN Digital Economy Framework Agreement (DEFA) officially signed in Manila today, with Malaysia among the signatories. | Malaysia maintains good relations with the United States, the country’s top investor and trading partner - PM Anwar | Melaka polls: 55.21 pct voter turnout as of 2 pm - EC | NS crisis: MB Ismail Lasim confirms withdrawing letter to Malay Rulers regarding Exco stand | Melaka Polls: 48.13 per cent of voters have cast their ballots as of 1 pm – EC | 

Rubber Market Ends Mixed Amid Supply, China Demand Concerns

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Nov 13 (Bernama) -- The Kuala Lumpur rubber market ended mixed on Friday as increased seasonal rubber supply in Thailand and subdued tyre demand in China weighed on market sentiment, a dealer said.

Japanese rubber futures rose on Friday, supported by a weaker yen, which fell to its lowest level since September, as well as earlier gains in crude oil prices.

Ad Banner
Ad Banner

“Nevertheless, further gains were capped by mixed crude oil prices and increased US economic concerns, particularly on the interest rate hikes,” she told Bernama.

At 3 pm, the price of Standard Malaysian Rubber 20 (SMR 20) rose by 9.5 sen to 1,015.0 sen per kilogramme (kg), while latex in bulk decreased by 2.0 sen to 775.0 sen per kg.

-- BERNAMA

Ad Banner
Ad Banner
Ad Banner