SHFE rubber futures end higher on Wednesday
2012-10-11 0:00:00Font Size：Big Medium Small
Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended higher on Wednesday (October 10, 2012) after hitting a five-month high in the previous session.
The most actively traded contract for January 2013 delivery ended at 25,680 yuan/metric ton, up 255 yuan or 1.00 %.
Upside momentum partly came from the hikes in crude oil prices, as the Turkey-Syria tension escalated, threatening oil production in theMiddle East.
The short-term market focus will be onChina’s major macroeconomic data for September due later this week.
(Contributed by Olivia, olivia@tireworld.com.cn)
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