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SHFE rubber rebounds tracking equities
2013-12-4 0:00:00Font Size：Big Medium Small
SHFE rubber
Rubber futures traded on the Shanghai Futures Exchange (SHFE) rebounded on Wednesday (December 4, 2013) after diving into the negative territory around midday.
The most actively traded contract for May 2014 delivery ended at 19,615 yuan/metric ton, up 130 yuan or 0.67% from the previous settlement.
Rise in the local equity market provided some of the upside momentum, but comparatively sufficient supplies and tepid demand are expected to continuously weigh on the rubber prices.
(Edited by Olivia, olivia@tireworld.com.cn)
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