SHFE rubber ends 1.66% higher in range-bound trading
2013-1-18 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended higher after moving in tight range on Friday (January 18, 2013).
The most actively traded contract for May 2013 delivery ended at 25,960 yuan/metric ton, up 425 yuan or 1.66%.
The upside was partly coming fromChina’s better-than-expected GDP data for the whole year of 2012. Statistics released by the National Bureau of Statistics show thatChina’s economic expansion slowed to 7.8% year on year in 2012 amid external jitters and domestic woes. The rate, which was the weakest in a decade, was down from 9.3% in 2011 and 10.4% in 2010, but it was still higher than the earlier market expectation of 7.5%.
(Contributed by Olivia, olivia@tireworld.com.cn)
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