Malaysian NR Production Shows Growth; Imports Shoot Up

Malaysian rubber production continued its upsurge in September, riding on a positive sentiment brought by the rebound in Chinese manufacturing activity, the possibility of NR supply disruption in Thailand owing to flash floods and heavy rains, rising expectations that the US interest rate hike will remain unchanged and the weaker ringgit against US dollar. The gain in crude oil prices, primarily aided by chokes in Saudi and Russian supplies, also helped boost the positive sentiment.