Rubber Market Ends Lower, Tracks Regional Losses And Oil Decline
KUALA LUMPUR, July 7 (Bernama) -- The Malaysian rubber market closed lower on Monday, tracking losses in regional rubber futures and a decline in crude oil prices, a dealer said.
She said Japanese rubber futures slipped in tandem with falling oil prices.
'Oil prices fell on Monday after OPEC+ surprised markets by announcing a larger-than-expected output increase for August,' she told Bernama.
At the time of writing, Brent crude was down 0.13 per cent to US$68.21 per barrel.
She added that market sentiment was also weighed by uncertainty over United States trade tariffs and the on-going conflict in the Middle East.
However, further losses were capped by a weaker ringgit against the US dollar and signs of recovery in the automotive sector.
'It was reported that production and sales in the automobile industry rebounded both month-on-month and year-on-year in the first half of 2025,' she said.
At 3 pm, the Malaysian Rubber Board reported the price of Standard Malaysian Rubber 20 (SMR 20) fell by 11.0 sen to 700.00 sen per kilogramme, while latex in bulk dropped 6.0 sen to 565.50 sen per kilogramme.
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