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SHFE rubber rebounds, taking cues from equities
2013-3-1 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) settle higher on broad positive market sentiment on Thursday (February 28, 2013) and saw a technical rebound after sharp losses in the past week.
The most actively traded contract for September 2013 delivery ended at 24,710 yuan/metric ton, up 230 yuan or 0.94%.
The upside momentum was partly coming from the local equity market, which surged over 2% amid expanding turnover driven by heavyweights like financial and property stocks.
(Contributed by Olivia, olivia@tireworld.com.cn)
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