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Shanghai rubber rebounds tracking equities

Shanghai rubber

Rubber futures traded on the Shanghai Futures Exchange (SHFE) widened gains in the last half hour of trading on Wednesday (July 31, 2013) tracking rises in local equities.

The most actively traded contract for January 2014 delivery ended at 17,915 yuan/metric ton, up 265 yuan or 1.50% from the previous settlement.

The market was also waiting for the gross domestic product (GDP) data for the second quarter released by the US later Wednesday, said analysts.

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

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