Rubber Market Ends Mixed In Tandem With Regional Futures
KUALA LUMPUR, The Kuala Lumpur rubber market closed mixed on Wednesday in tandem with regional rubber futures markets as strong United States (US) economic data weakened prospects of an aggressive US interest rate cut, said a dealer. She said market sentiment was dented by losses in crude oil prices and as the ringgit strengthened against the US dollar. ‘Nevertheless, further losses were capped by concerns for tight natural rubber (NR) supply due to unfavourable weather conditions in major NR-producing countries,’ she told Bernama. The dealer said Shanghai rubber futures rose more than four per cent on Wednesday as trading resumed