By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, April 8 (Bernama) -- The Malaysian rubber market continued to close lower on Tuesday, tracking its regional peers’ downward momentum, as global sentiment was ruled by worries over the United States (US) tariff decision and escalating trade war, a dealer said.
Nevertheless, she said, further losses were capped by a weaker ringgit against the US dollar and steady benchmark crude oil prices, while concerns about a natural rubber supply shortage continued to support the market.
“Market sentiment was also lifted by growing hopes for Chinese stimulus measures,” she told Bernama.
Meanwhile, the dealer reported that Japanese rubber futures bounced off a more-than-one-year low on Tuesday, underpinned by supply concerns due to wet weather in top producer Thailand, while top consumer market China has started to recover, boosting sentiment.
According to her, Thailand's meteorological agency warned of potential crop damage from April 12-13, 2025, with outbreaks of summer storms possible.
At 3pm, the Malaysian Rubber Board reported, the Standard Malaysia Rubber (SMR) 20 price fell by 22.5 sen to 771 sen per kilogramme, while latex in bulk edged down by one sen to 662.5 sen per kilogramme.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
