Shanghai rubber edges up on Mon.

Rubber futures traded on the Shanghai Futures Exchange (SHFE) edged up and ended in the positive territory on Monday (July 22, 2013) in a choppy session.

The most actively traded contract for January 2014 delivery ended at 18,665 yuan/metric ton, up 75 yuan or 0.40% from the previous settlement.

Analysts said theShanghairubber had shown signs of recovery from the steep fall in the past months, and further rebound is strongly expected.

Besides, the rise inChina’s stock markets also improved investor sentiment on Monday, said analysts.

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