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SHFE rubber ends lower on Wed., rebound expected
2013-3-28 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) dived into negative territory in the afternoon session on Wednesday (March 27, 2013).
The most actively traded contract for September 2013 delivery ended at 22,640 yuan/metric ton, down 90 yuan or 0.40%.
But rebound is expected on Thursday in light of supply concerns.
Market hearsay goes that growers inThailandare holding back supply in anticipation of rise in prices, according to an exporter inThailand.
(Contributed by Olivia, olivia@tireworld.com.cn)
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