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Shanghai rubber widens gains on Thu on positive China PMI data
2013-8-2 0:00:00Font Size：Big Medium Small
Shanghai rubber
Rubber futures traded on the Shanghai Futures Exchange (SHFE) widened gains on Thursday (August 1, 2013) after China’s official manufacturing activity data came in better than expected, easing some concerns of a sharp slowdown in the world’s second largest economy.
The most actively traded contract for January 2014 delivery ended at 18,110 yuan/metric ton, up 400 yuan or 2.26% from the previous settlement.
China’s official PMI rose to 50.3 in July from 50.1 in June, beating market expectation of a fall to 49.9.
(Edited by Olivia, olivia@tireworld.com.cn)
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