Shanghai Rubber Futures End Higher; Europe In Focus
2011-12-7 0:00:00Author： adminFont Size：Big Medium Small
Shanghai, Dec.7 -Shanghai Futures Exchange natural rubber settles higher, tracking strong regional equities amid cautious optimism that European leaders will deliver a comprehensive plan to address the region's debt crisis.
Traders expect natural rubber to trade in tandem with equities sentiment over the next few sessions, with a likely range of CNY26,000-CNY28,000/ton.
Benchmark May rubber settles CNY470, or 1.8%, higher at CNY26,415/ton.
Dow Jones
- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
