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SHFE rubber ends in positive on Fri.

SHFE rubber ends in positive on Fri.

Rubber futures traded on the Shanghai Futures Exchange (SHFE) moved back into the positive territory in the last few minutes of trading on Friday (November 23, 2012), tracking gains on the Tokyo Commodity Exchange (TOCOM).

The most actively traded contract for May 2013 delivery ended at 24,475 yuan/metric ton, up 55 yuan or 0.23 percent.

Sentiment is improving as Vice Premier Li Keqiang vowed to deepen reform and opening up to promote scientific development and the transformation of the economic development pattern, and achieve sustainable and healthy economic growth.

 

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

 

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