RUBBER MARKET FALLS TO LOWEST LEVEL SINCE DECEMBER 2018 (SCREEN)

NIAM SEET WEI

KUALA LUMPUR, March 9 -- The Malaysian rubber market fell to the lowest level since December 2018, tracking the poor performance of the regional rubber futures markets after the crude oil prices plunged as much as 30 per cent in the early trading.

The market also reacted negatively to a decline in China's exports data released at the weekend. 

At 12 pm, the Malaysian Rubber Board’s (MRB) reference physical price for tyre-grade SMR 20 fell 22 sen to 515.50 sen per kg and latex-in-bulk lost 10.5 sen to 438.0 per kg.

At 5 pm, the MRB’s reference physical price for SMR 20 shed 12.5 sen to 524.0 sen per kg, while latex-in-bulk slipped six sen to 442.0 sen per kg.