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SHFE rubber rallies on Thu., may fall again on domestic stockpile pressure
2013-4-26 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) rallied on Thursday (April 25, 2013), but the upside might be capped due to mounting inventory in China’s Qingdao bonded zone.
The most actively traded contract for September 2013 delivery ended at 19,135 yuan/metric ton, up 350 yuan or 1.86%.
An industry insider noted that inventory in Qingdao stood at as much as 368,500 tonnes as of April 25, up from 366,900 tonnes on April 15.
(Edited by Olivia, olivia@tireworld.com.cn)
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