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SHFE rubber rallies amid upbeat sentiment
2013-3-6 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) rebounded sharply on Tuesday (March 5, 2013) as market sentiment was upbeat afterChinaset its economic growth at 7.5 percent for this year.
The most actively traded contract for September 2013 delivery ended at 24,300 yuan/metric ton, up 400 yuan or 1.67%.
Chinamaintains its 2013 gross domestic product (GDP) growth target unchanged at around 7.5 percent this year to leave some leeway for economic restructuring, according to a government work report delivered by Premier Wen Jiabao at the annual legislative session Tuesday.
(Contributed by Olivia, olivia@tireworld.com.cn)
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