SHFE rubber ends higher in thin trading

Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled slightly higher on Wednesday (April 9, 2013) with turnover continue to shrink.

The most actively traded contract for September 2013 delivery ended at 21,820 yuan/metric ton, up 45 yuan or 0.21%.

China’s major grain and oils imports began to recover in March, the latest statistics from the General Administration of Customs showed on Wednesday.

Specifically,China’s natural rubber imports totaled 630,000 tonnes in the first quarter of 2013, up 31.7% year on year, with March imports hitting 230,000 tonnes, the GAC data show.

(Contributed by Olivia, olivia@tireworld.com.cn)