SHFE rubber ends tad lower on Wednesday
2012-10-24 0:00:00Font Size：Big Medium Small
Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended slightly lower on Wednesday (October 23, 2012) as the HSBC October PMI estimate forChinaindicated that the country’s manufacturing activity would remain in the contraction territory.
The most actively traded contract for January 2013 delivery ended at 24,430 yuan/metric ton, down 40 yuan or 0.16%.
Market observers predicted that rubber prices tend to go up around mid-November, particularly asChinawill be purchasing ahead of the Lunar New Year.
Fresh cues are expected from the U.S. Fed meeting later this week.
(Contributed by Olivia, olivia@tireworld.com.cn)
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