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Shanghai rubber rallies on Fri., further gains expected
2013-5-13 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) rallied on Friday (May 10, 2013), posting gains of nearly 3% after a bout of heavy selling recently.
The most actively traded contract for September 2013 delivery ended at 20,875 yuan/metric ton, up 560 yuan or 2.76%.
Prices are now more than 10% below those on the physical market despite the low-production season, says a Bangkok-based exporter, adding that the upward momentum might continue in the coming few sessions.
(Edited by Olivia, olivia@tireworld.com.cn)
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