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Shanghai rubber edges up
2013-6-17 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) continued upside momentum on Monday (June 17, 2013) tracking broader commodity market gains.
The most actively traded contract for September delivery ended at 18,110 yuan/metric ton, up 200 yuan or 1.12 percent from the previous settlement.
Fragile fundamentals due to seasonal factors would continue to weigh on the rubber futures, said Wang Ning, an analyst with China Creator, tipping short-term resistance at 18,000 yuan per tonne.
(Edited by Olivia, olivia@tireworld.com.cn)
Tireworld
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