Recommend Us | About Us | Back to

News | Financial Calculator | Home Financing | Archived News |


  Welcome to Bernama Banking & Finance Special Page     
Rubber Market Ends Lower, Tracking Weaker Regional Futures
Last update: 11/06/2024

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, June 11 (Bernama) -- The Kuala Lumpur rubber market declined on Tuesday due to losses in regional rubber futures markets and declining crude oil prices, attributed to profit-taking activities, said a dealer.

However, further losses were capped by a weaker ringgit against the US dollar and decreased local natural rubber production amid tight rubber supply, she told Bernama.

“Market traders are keeping a close watch on crucial United States economic data and the outcome of the US monetary policy meeting this week,” the dealer said.  

The Malaysian Rubber Board’s (MRB) price for Standard Malaysian Rubber 20 (SMR 20) fell by 9.5 sen to 850 sen per kilogramme (kg), while latex-in-bulk declined by 2 sen to 798 sen per kg.

At 5 pm, the MRB reference price for physical SMR 20 stood at 843 sen per kg, while latex-in-bulk was at 796.50 sen per kg.







100 Yen3.7752/7805
Source: Bank Negara Malaysia

Reduction in the overnight policy rate (OPR) by Bank Negara Malaysia would be good for consumer spending and investment;
Not sure
  Main | News | Insurance

© 2024 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution