KL Rubber Market Seen Trading Slightly Lower Next Week Amid Ample Supply

The Kuala Lumpur rubber market is expected to trade slightly lower next week due to ample supply and balanced demand. Industry expert Denis Low notes that ongoing geopolitical tensions, including the US-Iran war, will have a limited impact on the market.

Ongoing rainfalls in Malaysia and Thailand may lead to higher rubber productivity, resulting in more supply. However, speculative buying is expected to be minimal as demand remains stable. Crude oil prices rebounded to about $95 per barrel last week, but its effect on logistics costs will likely be limited.