Focus

Rubber market ends lower on mild selling

04 Aug 2023 05:56pm
Photo by Bernama
Photo by Bernama

KUALA LUMPUR - Malaysian rubber prices ended slightly lower today due to mild selling, which was influenced by mixed advice from the regional rubber futures market, said a dealer.

He said the Japanese rubber futures inched up on Friday due to the weaker yen. "Further losses were restricted due to the increase in crude oil prices and China’s commitment to providing more economic stimulus,” he said. It was reported that there was a rise in oil prices following an announcement by Saudi Arabia and Russia that they will reduce output for the next month. At 5.05 pm, Brent crude expanded 0.35 per cent to US$85.42 per barrel, while West Texas Intermediate (WTI) crude widened 0.37 per cent to US$81.83 per barrel. Meanwhile, the Malaysian Rubber Board’s (MRB) price for Standard Malaysian Rubber 20 (SMR 20) fell 2.5 sen to 577.0 sen per kilogramme (kg), while latex-in-bulk decreased 1.5 sen to 480.0 sen per kg.

At 5 pm, the MRB’s reference price for physical rubber SMR 20 stood at 576.5 sen a kg, while latex-in-bulk was at 479.5 sen a kg. - BERNAMA

rubber
closing
smr 20
latex in bulk
crude oil
mrb
More Like This
The suspect wearing a white shirt was brought to court accompanied by several police officers to face charges of injuring a first-year UPNM student recently.
The suspect wearing a white shirt was brought to court accompanied by several police officers to face charges of injuring a first-year UPNM student recently.
National UPNM cadet officer charged with injuring junior, stomping on him with spike boots
He was charged under Section 323 of the Penal Code, which carries a maximum sentence of one-year imprisonment, a fine of up to RM2,000, or both, upon conviction.
US President-elect Donald Trump is handing top roles in his future administration to a mix of allies, provocateurs and a few relatively conventional figures. - (Photo by various sources / AFP)
US President-elect Donald Trump is handing top roles in his future administration to a mix of allies, provocateurs and a few relatively conventional figures. - (Photo by various sources / AFP)
World Trump's top team: Firebrands and stalwarts
WASHINGTON - US President-elect Donald Trump is handing top roles in his future administration to a mix of allies, provocateurs and a few relatively conventional figures. Most positions require Senate approval, which brings added scrutiny. Here is who Trump has chosen so far: - Health Secretary:...
The International Criminal Court on Nov 21, 2024 issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and Defence Minister Yoav Gallant, as well as a Hamas' military chief. - (Photo by DEBBIE HILL / POOL / AFP)
The International Criminal Court on Nov 21, 2024 issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and Defence Minister Yoav Gallant, as well as a Hamas' military chief. - (Photo by DEBBIE HILL / POOL / AFP)
World ICC warrants critical step in holding Israeli leaders accountable - BDS
All States parties to the Rome Statute, including deeply complicit ones such as Germany and the UK, are now compelled to meet their duty, fully cooperating with the ICC and executing these arrest warrants.
The decision to extend the Friday prayer break to two hours for Johor's private sector is expected to enhance worker productivity while maintaining smooth business operations. Illustrative picture.
The decision to extend the Friday prayer break to two hours for Johor's private sector is expected to enhance worker productivity while maintaining smooth business operations. Illustrative picture.
National Two-hour Friday prayer break in Johor seen as a boost to worker productivity
By RAIHAM MOHD SANUSI
22 Nov 2024 09:47am
The move aligns with human nature, where employees who are treated well would be happier and consequently perform better at work.