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Shanghai rubber sees volatile trading Wed. ahead of HSBC PMI data
2013-8-21 0:00:00Font Size：Big Medium Small
Shanghai rubber
Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended lower on Wednesday (August 20, 2013) amid volatile trading as market sentiment tended to be prudent ahead of the HSBC preliminary reading for China’s manufacturing purchasing manager index (PMI) for August.
The most actively traded contract for January 2014 delivery ended at 19,535 yuan/metric ton, down 90 yuan or 0.46% from the previous settlement.
HSBC is scheduled to release the preliminary reading for China’s manufacturing PMI data for August on Thursday. Analysts noted that investors would likely hold wait-and-see attitude before then. (Edited by Olivia, olivia@tireworld.com.cn)
Tireworld
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