SHFE rubber extends rising momentum on Wed.
2013-1-31 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) extended the gains registered in the previous session on Wednesday (January 30, 2013) as the improving macro economic environment helped boost market sentiment.
The most actively traded contract for May 2013 delivery ended at 26,180 yuan/metric ton, up 355 yuan or 1.37%.
Investors focused on the Federal Open Market Committee meeting, which was expected to provide cues for the commodity.
Correction is expected amid growing prudent sentiment ahead of the Lunar New Year holiday.
(Contributed by Olivia, olivia@tireworld.com.cn)
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