SHFE rubber ends higher in choppy trade
2012-9-18 0:00:00Font Size：Big Medium Small
Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled slightly higher on Monday (September 17, 2012) as sentiment is still buoyed by the new stimulus plan introduced by the U.S. Federal Reserve.
The most actively traded contract for January 2013 delivery ended at 24,385 yuan/metric ton, up 175 yuan or 0.72%.
TheU.S.central bank concluded last Thursday its closely-watched policy meeting by launching a new bond-buying program, which is known as QE3 as the market has expected.
But after the knee-jerk rally, the market may see some technical corrections in the near term, market observers say.
(Contributed by Olivia, olivia@tireworld.com.cn)
Tireworld
- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
