Key Moments
- Kuala Lumpur rubber prices ended the session mixed, backed by strength in regional rubber futures and a softer ringgit against the US dollar.
- Upside was restrained by lower crude oil prices, worries over the US economic outlook, and ongoing uncertainty around the US-Iran peace process.
- SMR gained nine sen to 868 sen per kg at 3 pm, while latex-in-bulk declined 4.5 sen to 755 sen per kg.
Market Overview
By Abdul Hamid A Rahman
KUALA LUMPUR, June 30 (Bernama) – The Kuala Lumpur rubber market finished Tuesday on a mixed note, with a dealer citing support from firmer regional rubber futures and a marginally weaker ringgit against the US dollar.
According to the dealer, these positive drivers were not sufficient to produce broad-based gains, as the market also contended with several headwinds.
Key Drivers and Macro Influences
The dealer said that advances in rubber prices were limited by softer crude oil prices, concerns about the United States (US) economic outlook following weaker trade data, and continuing uncertainty over the US-Iran peace process.
At the same time, he pointed out that sentiment had been aided by signs of stronger manufacturing activity in China, which lifted expectations for rubber demand, along with supportive Chinese banking policies and an improved global growth view from Bank of America.
China Data and Global Growth Outlook
The dealer highlighted recent Chinese data and global projections:
“China’s manufacturing Purchasing Managers’ Index (PMI) returned to expansion territory at 50.3 in June, while the composite PMI rose to 50.6.
“Meanwhile, Bank of America raised its global growth forecast to 3.2 per cent for 2026 following easing energy market concerns after the Iran peace agreement,” he added.
Price Performance
By 3 pm, benchmark physical prices in Kuala Lumpur reflected the mixed tone of the session.
| Rubber Grade | Price Movement | Closing Price (sen per kg) |
|---|---|---|
| Standard Malaysian Rubber (SMR) | Up 9 sen | 868 |
| Latex-in-bulk | Down 4.5 sen | 755 |
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