Rubber market ends higher on China’s GDP data


Malaysia produced 29,920 tonnes of natural rubber in February 2022, down 39% from 49,087 tonnes in January 2022 and 40% lower against the 49,840 tonnes recorded a year earlier.

KUALA LUMPUR: The Malaysian rubber market, supported by China’s better-than-expected gross domestic product (GDP) data and firmer crude oil prices, closed higher yesterday amid mixed advice from its regional peers, according to a dealer.

He said market players also reacted to the lower February rubber output reported by the Statistics Department last Friday and a weaker ringgit against the US dollar.

Start your ads-free experience now!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Rubber , market , China , GDP , data ,

   

Next In Business News

US producer prices unexpectedly fall in May
Apollo’s net profit jumps 70% to RM53.8mil in FY24
Sunview secures large scale solar project from Uzbekistan
Ringgit further strengthens versus US dollar at the close
Leon Fuat shareholders approve final dividend payout
FTSE4Good Bursa Malaysia Index sees 12 new inclusions
Solarvest buys office and retail space for RM48.73mil
Malaysia keeps inflation outlook for 2024 after diesel subsidy reforms
BNM to revamp its fund for SMEs deployment
Cabnet Holdings unit bags RM46mil sub-contract works

Others Also Read