Rubber market extends uptrend

the Malaysian Rubber Board’s (MRB) price for Standard Malaysian Rubber 20 (SMR 20) improved by 14 sen to 696.50 sen per kilogramme (kg), while latex-in-bulk was five sen higher at 522.50 sen a kg

KUALA LUMPUR: The Malaysian rubber market extended its uptrend yesterday, supported by gains in the Shanghai rubber futures exchange and a weakening ringgit, amid renewed fears of Covid-19 lockdowns in China, said a trader.

Further gains were capped by losses in benchmark crude oil prices and deteriorating global sentiment, following recession risks in the United States and the European energy crisis, she added.