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SHFE rubber rebounds on Wed.

Rubber futures traded on the Shanghai Futures Exchange (SHFE) saw a mild rebound on Wednesday (November 14, 2012) tracking gains in the local equity market.

The most actively traded contract for May 2013 delivery ended at 23,995 yuan/metric ton, up 225 yuan or 0.95 percent.

But downside pressure remained high amid weak market sentiment and liquidity concerns, said futures analysts, expecting volatile trading to follow in the coming sessions.

 

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

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