SHFE rubber ends higher, China manufacturing data in focus
2012-9-20 0:00:00Font Size：Big Medium Small
Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled higher on Wednesday (September 19, 2012) in line with gains of rubber futures on the Tokyo Commodity Exchange (TOCOM).
The most actively traded contract for January 2013 delivery ended at 24,535 yuan/metric ton, up 220 yuan or 0.90%.
Investors were awaiting new clues fromChina’s manufacturing data for August due later on Thursday.
Market observers also noted that after the strong gains in the past several sessions, pullbacks are expected in the near term as investors take profits and rubber prices consolidate further.
(Contributed by Olivia, olivia@tireworld.com.cn)
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