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SHFE rubber rebounds, upside likely limited
2013-4-25 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) saw a sharp technical rebound on Wednesday (April 24, 2013) following the sell-off in the past two weeks.
The most actively traded contract for September 2013 delivery ended at 18,965 yuan/metric ton, up 395 yuan or 2.13%.
AlthoughThailandis planning a national-level meeting to discuss support measures for rubber prices, the outcome may still have little effect onShanghairubber. Demand concerns and high stockpile levels inChinawill also weigh on the prices.
(Edited by Olivia, olivia@tireworld.com.cn)
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