Current Location: Home > NEWS > FinancialMarket > Page
SHFE rubber up tad on Fri. amid prudent sentiment ahead of holiday
2013-4-27 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended slightly higher on Friday (April 26, 2013) amid prudent sentiment in the last trading day before the May Day holiday.
The most actively traded contract for September 2013 delivery ended at 19,080 yuan/metric ton, up 15 yuan or 0.08%.
A Singapore-based source says demand is poor in China due to slowing economic growth while supply is good amid record-high inventories.
Moreover, shipments from producing countries are also expected to increase after a low-production season, which ends next month.
(Edited by Olivia, olivia@tireworld.com.cn)
Tireworld
- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
