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SHFE rubber futures rebound on Tue.

Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended higher in range-bound trading on Tuesday (January 22, 2013), leading gains in the regional commodity market.

The most actively traded contract for May 2013 delivery ended at 26,110 yuan/metric ton, up 330 yuan or 1.28%.

It is expected that natural rubber prices will be steady in the coming weeks even when faced with any downside pressure from the broader market.


(Contributed by Olivia, olivia@tireworld.com.cn)

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