The Malaysian rubber market has declined, following the regional rubber market and the downward trend in international oil prices.
Uncertainty regarding U.S. tax policy has dampened market sentiment, with the Osaka Exchange (OSE) closing the October RSS3 rubber contract down 3.3 yen or 1.04%, settling at 313.4 yen per kilogram.
The market expects further downside potential for rubber prices to be limited, as tensions have eased.
At 3 PM local time, the price of Malaysian SMR20 rubber fell by 10 sen compared to the previous day, priced at 759 sen per kilogram;
bulk latex price fell by 3.0 sen, priced at 609 sen per kilogram.
Qishun Information Quote: Ordinary investors should mostly stay on the sidelines, patiently waiting for the best opportunities and avoiding frequent trading.
There is no need to attempt to capture all fluctuations or predict every market movement; one must respect the market, remember discipline, strictly control positions, and maintain a calm approach.