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Shanghai rubber continues to rally tracking equities
2013-8-13 0:00:00Font Size：Big Medium Small
Shanghai rubber
Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled sharply higher on Monday (August 12, 2013) tracking the rise in China’s equity markets.
The most actively traded contract for January 2014 delivery ended at 19,720 yuan/metric ton, up 435 yuan or 2.26% from the previous settlement.
China’s Shanghai Composite Index closed up 2.39 percent at 2,101.28 on Monday. China’s new yuan-denominated loans in July stood at 699.9 billion yuan (113.49 billion US dollars), 159.8 billion yuan more than a year ago, signaling a recovery in the country’s economy, said analysts.
(Edited by Olivia, olivia@tireworld.com.cn)
Tireworld
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