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Shanghai rubber rebounds, likely to fall
2013-7-24 0:00:00Font Size：Big Medium Small
Shanghai rubber
Rubber futures traded on the Shanghai Futures Exchange (SHFE) edged up and moved into the positive territory in the last few minutes of trading on Wednesday (July 24, 2013).
The most actively traded contract for January 2014 delivery ended at 18,590 yuan/metric ton, up 75 yuan or 0.41% from the previous settlement.
But corrections might occur in the following session as the latest HSBC’s flash PMI data dropped to 47.7 in July, the lowest in eleven months.
(Edited by Olivia, olivia@tireworld.com.cn)
Tireworld
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