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Shanghai rubber posts technical rebound on Thu.
2013-11-7 0:00:00Font Size：Big Medium Small
Shanghai rubber
Rubber futures traded on the Shanghai Futures Exchange (SHFE) saw a slight technical rebound on Thursday (November 7, 2013), snapping a three-day decline.
The most actively traded contract for January 2014 delivery ended at 19,110 yuan/metric ton, up 100 yuan or 0.53% from the previous settlement.
However, traders say sufficient supplies on the domestic market and weak consumption will likely to continue to weigh on rubber futures in the coming session.
(Edited by Olivia, olivia@tireworld.com.cn)
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