Shanghai rubber edges up on solid data

Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended a falling momentum and settled higher on Monday (October 21, 2013) boosted by solid economic data and Premier Li Keqiang’s remarks that there should be “no slackening” in carrying out policies that ensure growth target are met.

The most actively traded contract for January 2014 delivery ended at 20,605 yuan/metric ton, up 125 yuan or 0.61% from the previous settlement.

But the Shanghai rubber still lacks clear clues for future trajectory as the current demand/supply factors remain kind of blurred, analysts say.

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