SHFE rubber ends higher on Thu on China trade data.
Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended slightly higher on Thursday (January 10, 2013) on optimism ofChina’s trade data for December and the full-year of 2012.
The most actively traded contract for May 2013 delivery ended at 26,205 yuan/metric ton, up 95 yuan or 0.36 percent.
China’s exports rose 7.9% in 2012 from the previous year, while imports climbed 4.3% year on year, the General Administration of Customs said Thursday.
Specifically,Chinaimported 2.18 million metric tons of natural rubber in 2012, up 3.6% from 2011. The monthly import figure for December 2012 came to 210,000 metric tons, slightly down from the 220,000 metric tons logged in November last year.
Shanghairubber is likely to pick up a little this month along with improving fundamentals ahead of the Lunar New Year in February
(Contributed by Olivia, olivia@tireworld.com.cn)
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