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SHFE rubber posts rebounds on Wednesday

Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled higher on Wednesday (September 26, 2012) after making a weak start earlier that day.

The most actively traded contract for January 2013 delivery ended at 23,840 yuan/metric ton, up 160 yuan or 0.68%.

Thinner trading might follow in the coming sessions amid increasing risk aversion sentiment ahead of China’s week-long holiday that starts in next week, said market observers.

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

 
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