Rubber Market Ends Higher, Tracking Regional Futures Markets
KUALA LUMPUR, The Kuala Lumpur rubber market closed higher on Monday, tracking the performance in the regional rubber futures markets. A dealer said that the tight natural rubber production due to adverse weather forecasts in Southeast Asian production areas continued to support the market, with Thailand’s meteorological agency warning of heavy rains that may cause flash floods this week. Nevertheless, further gains were capped by losses in crude oil prices as the sentiment was dented by uncertainties in the timing and scale of China’s stimulus package, coupled with the escalating Middle East conflict. China’s consumer price index grew at a