Rubber Market Ends Slightly Higher On Steady Oil Prices, Weaker Ringgit

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Sept 1 (Bernama) -- The rubber market ended slightly higher today, supported by steady crude oil prices and a weaker ringgit against the US dollar, a dealer said.

He said sentiment was also supported by lower global natural rubber production in July, stronger factory activity across Asia and concerns over potential El Niño-related supply disruptions.

“However, further gains were limited by weaker Chinese economic data, cautious sentiment over the Federal Reserve’s interest rate outlook and renewed tensions in West Asia,” he told Bernama.

He said oil prices rose on Tuesday as renewed hostilities between the United States and Iran raised concerns over supply disruptions in West Asia.

At the time of writing, Brent crude was up 1.96 per cent at US$92.26 a barrel.

Meanwhile, the dealer noted that the Association of Natural Rubber Producing Countries (ANRPC) reported global natural rubber production fell 5.15 per cent year-on-year to 1.321 million tonnes in July 2026.

At 3 pm, the price of Standard Malaysian Rubber 20 (SMR 20) and bulk latex gained 0.50 sen each to 964 sen per kilogramme (kg) and 688.5 sen per kg, respectively.

The rubber market was closed on Monday (Aug 31) in conjunction with National Day.

-- BERNAMA