KUALA LUMPUR, Oct 19 -- The Malaysian rubber market ended higher today supported by firmer advices from the regional rubber futures markets, a dealer said.
“The market sentiment was also boosted by the recovery in China’s economy, which showed growth in Gross Domestic Product (GDP) during the third quarter,” she told Bernama.
According to China’s National Bureau of Statistics, the country reported 4.9 per cent growth in GDP year-on year for the third quarter, which she said was smaller than the 5.2 per cent growth forecast.
“However, other indicators

showed a strong recovery overall for the world’s second largest economy with industrial production growing 6.9 per cent year-on-year (y-o-y) and retail sales growing 3.3 per cent y-o-y,” she said.
Nevertheless, she said, further gains were offset by declining oil prices and stronger ringgit against the US dollar.
At 5 pm, the benchmark Brent crude oil price declined 0.33 per cent to US$42.79 per barrel.
The Malaysian Rubber Board’s (MRB) reference physical price for tyre-grade SMR 20 closed 9.5 sen higher at 628.5 sen per kilogramme (kg), while latex-in-bulk rose sharply by 15 sen to 558 sen per kg.
At 5 pm, the MRB’s closing price for SMR 20 stood at 624 sen per kg, while latex-in-bulk was at 561 sen per kg.

https://www.bernama.com/en/market/news.php?id=1891502
Sumber: Bernama