SHFE rubber rebounds on Wed. on better-than-expected trade data

Rubber futures traded on the Shanghai Futures Exchange (SHFE) saw a strong rebound on Wednesday (May 8, 2013) as the trade data for April released in the morning came better than expected.

The most actively traded contract for September 2013 delivery ended at 20,505 yuan/metric ton, up 500 yuan or 2.50%.

According to the General Administration of Customs (GAC), China’s foreign trade volume grew by 15.7% year on year in April, faster than the 12.1% increase registered in March.

Fresh cues are expected on Thursday as the inflation and industrial data for April will become due.  

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