SHFE rubber extends rising momentum on Mon. on outside cues

Rubber futures traded on the Shanghai Futures Exchange (SHFE) continued an upward trend on Monday (May 6, 2013) after strong U.S. employment data Friday boost demand prospects.

The most actively traded contract for September 2013 delivery ended at 19,950 yuan/metric ton, up 470 yuan or 2.41%.

In China, expectations of more growth-supportive measures are also supporting the broader market, analysts note, adding that Shanghai rubber may see a small bullish round in the short term.

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