LATEST NEWS   Professional mixed doubles pair Hoo Pang Ron-Lai Pei Jing emerge as runners-up in China Masters Badminton Championships | Four more Indonesian airports temporarily close as volcanic ash spreads, Soekarno-Hatta closure extended - Transport Ministry  | Women’s representation in Parliament remains too low - Teo | DPM Ahmad Zahid denies any problems with PM Anwar, reaffirms BN's commitment to ensuring stability of Unity Government until end of term | Over 600 Orang Asli children continue their studies at universities and colleges nationwide, proof that the government values education - DPM Ahmad Zahid | 
Ad Banner
MARKET • 22/07/2026 05:37 PM

Rubber Market Ends Mixed Despite Stronger Crude Oil Prices, China Growth Optimism

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, July 22 (Bernama) -- The Kuala Lumpur rubber market ended mixed on Wednesday, despite gains in regional rubber futures markets, firmer benchmark crude oil prices and a slightly weaker ringgit against the US dollar, according to a dealer.

He said market sentiment was further lifted by China’s pledge to step up measures to achieve its full-year economic growth target, supporting confidence in the economic outlook.

Ad Banner

“However, further gains were capped by concerns over escalating tensions in West Asia and investor caution ahead of next week’s US Federal Reserve policy meeting for signals on the US interest rate outlook,” he added.

He also said that Japanese rubber futures rose, supported by a weaker yen and higher oil prices, amid escalating US-Iran tensions.

At the time of writing, benchmark Brent crude oil stood at US$94.26 per barrel.

Ad Banner
Ad Banner
Ad Banner

At 3 pm, the price of Standard Malaysian Rubber 20 (SMR 20) rose 16.5 sen to 899.0 sen per kilogramme (kg), while latex in bulk was unchanged at 722 sen per kg.

-- BERNAMA 

 

 

More News

Categories

Tags