SHFE rubber futures rally on China PMI
2012-11-1 0:00:00Font Size：Big Medium Small
Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled higher on Thursday (November 1, 2012), asChina’s better-than-expected manufacturing Purchasing Manager’s Index for October boosted investors’ confidence.
The most actively traded contract for January 2013 delivery ended at 24,815 yuan/metric ton, up 365 yuan or 1.49 percent.
China’s PMI, the main gauge for factory production, increased to 50.2 percent in October from 49.8 percent in September, showing expansion in the country’s manufacturing industry.
Investors would also focus on theUSnon farm payrolls data to be released later on Friday.
(Contributed by Olivia, olivia@tireworld.com.cn)
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