Shanghai rubber settles lower in range trading
Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended lower in range-bound trading on Monday (November 11, 2013).
The most actively traded contract for January 2014 delivery ended at 19,410 yuan/metric ton, down 165 yuan or 0.84% from the previous settlement.
The Communist Party of China (CPC) kicked off a key meeting on November 9, with a discussion on comprehensively deepening reform top on the agenda. The four-day Third Plenary Session of the 18th CPC Central Committee will deliberate on a draft decision of the CPC Central Committee on "major issues concerning comprehensively deepening reforms". Investors widely waited for positive policy stimulus for the domestic market.
(Edited by Olivia, olivia@tireworld.com.cn)
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