Rubber Market Ends Lower In Tandem With Regional Futures

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, June 4 (Bernama) -- The Kuala Lumpur rubber market ended lower on Thursday, in tandem with the downtrend in regional rubber futures prices and losses in crude oil prices amid concerns about the economic impact from the prolonged West Asia conflict, a dealer said. 

She said market sentiment was also dented by persistent doubts over a United States (US)-Iran peace deal.

“However, further losses were capped by a weaker ringgit against the US dollar on the back of resilient US economic data and optimism over European Union-US trade deal compliance,” she told Bernama. 

According to the dealer, oil prices eased today as the ceasefire agreement in West Asia boosted hopes for a broader deal to end the US war with Iran, while the US House approved a resolution seeking to curb US President Donald Trump's war powers.

“Meanwhile, the Organisation for Economic Co-operation and Development (OECD) anticipates that global growth could slow sharply to 2.1 per cent in 2026 and 1.8 per cent in 2027 if energy disruption persists into 2027,” she added.

At 3 pm, the price of Standard Malaysian Rubber (SMR) 20 weakened 9.5 sen to 932 sen per kilogramme (kg), while latex-in-bulk remained at 761 sen per kg.

-- BERNAMA