Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled nearly 1 percent higher on Monday (December 2, 2013) taking outside cues.
The most actively traded contract for May 2014 delivery ended at 19,690 yuan/metric ton, up 190 yuan or 0.97% from the previous settlement.
Experts say Shanghai rubber has begun to show signs of bottoming out. Investors remain cautious waiting for further cues.
(Edited by Olivia, olivia@tireworld.com.cn)