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SHFE rubber ends tad higher on Tue.

Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended slightly higher on Tuesday (October 16, 2012) as investors remain cautious ahead of China's 3Q GDP data due Thursday.

The most actively traded contract for January 2013 delivery ended at 25,215 yuan/metric ton, up 50 yuan or 0.20%. 

Shanghairubber is expected to test resistant at 25,000 yuan/metric ton in the near term, predicted analysts with China Creator.

 

(Contributed by Olivia, olivia@tireworld.com.cn)

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