SHFE rubber futures end tad higher on Tue.
2012-12-18 0:00:00Font Size：Big Medium Small
Rubber futures traded on the Shanghai Futures Exchange (SHFE) erased early gains before ending slightly higher on Tuesday (December 18, 2012).
The most actively traded contract for May 2013 delivery ended at 25,290 yuan/metric ton, up 35 yuan or 0.14 percent.
An analyst with Radar Futures noted that China’s move to cut rubber import tariffs may trigger a surge in rubber imports in China, and the high inventory in Qingdao Bonded Zone would be another bearish factor for Shanghai rubber.
He tipped short-term resistance at 25,000 yuan per ton.
(Contributed by Olivia, olivia@tireworld.com.cn)
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