SHFE rubber retreats on Fri.
2013-1-11 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) dived into the negative territory around midday after opening higher on Friday (January 11, 2013), tracking the equity market.
The most actively traded contract for May 2013 delivery ended at 25,710 yuan/metric ton, down 455 yuan or 1.74 percent.
The trading was under panic selling pressure following the release ofChina’s higher-than-expected CPI rise for December.
The National Bureau of Statistics (NBS) announced on Friday that the consumer price index (CPI) went up 2.5% year on year in December 2012, the fastest growth over the past seven months.
(Contributed by Olivia, olivia@tireworld.com.cn)
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