SHFE rubber retreats on Tue.
2012-11-20 0:00:00Font Size：Big Medium Small
Rubber futures traded on the Shanghai Futures Exchange (SHFE) moved steadily downwards to settle in negative on Tuesday (November 20, 2012) despite of gains on the Tokyo Commodity Exchange (TOCOM).
The most actively traded contract for May 2013 delivery ended at 24,375 yuan/metric ton, down 65 yuan or 0.27 percent.
But upside movement was expected, said market observers, adding that strong crude-oil prices and Chinese government’s stockpiling plan would be supportive.
(Contributed by Olivia, olivia@tireworld.com.cn)
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