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.
“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