SHFE rubber futures consolidates, focus on US payroll data
2012-11-2 0:00:00Font Size：Big Medium Small
Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled lower on Friday (November 2, 2012) after the robust rally in the previous session as investors turned to risk appetite ahead of the release ofUSOctober nonfarm payrolls report due later on Friday.
The most actively traded contract for May 2013 delivery ended at 24,460 yuan/metric ton, down 305 yuan or 1.23 percent.
Fresh cues were also expected asChinais scheduled to publish several key economic figures for October next week, which are widely expected to show some improvements, market observers say.
(Contributed by Olivia, olivia@tireworld.com.cn)
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