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Shanghai rubber rebounds tracking local equities
2013-7-17 0:00:00Font Size：Big Medium Small
Shanghai rubber
Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled higher on Tuesday (July 16, 2013) after moving in and out the negative territory tracking a rise in the regional equity markets.
The most actively traded contract for January 2014 delivery ended at 17,625 yuan/metric ton, up 140 yuan or 0.80% from the previous settlement.
Domestic share markets’ rise improved market sentiment and falling rubber stocks also strengthened investors’ faith in consumption of the commodity in the future.
(Edited by Olivia, olivia@tireworld.com.cn)
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