Rubber Market Seen Trending Higher Next Week On Stronger Demand KUALA LUMPUR, March 28 (Bernama) — The rubber market is expected to trend higher next week, supported by stronger demand for the commodity amid supply disruptions in the global synthetic rubber segment, according to the Malaysian Rubber Glove Manufacturers Association (MARGMA). MARGMA said the market is currently facing a severe shortage of nitrile butadiene rubber (NBR) latex following the ongoing blockade of the Strait of Hormuz, which has disrupted global shipping routes and pushed Brent crude oil prices above US$100 per barrel. “As NBR is derived from petroleum and serves as the primary raw material for nitrile gloves, the crisis […]

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