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SHFE rubber ends higher on Wed.

Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled higher on Wednesday (November 7, 2012).

The most actively traded contract for May 2013 delivery ended at 24,005 yuan/metric ton, up 185 yuan or 0.78 percent, off the intraday high of 24,205 yuan/metric ton.

Investors’ risk appetite remained low amid uncertainties about economies in theUSand some European countries.

Fresh guidance was expected includingChina’s key economic data for October due on Friday.

 

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

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