Shanghai rubber rallies on Fri.

Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled sharply higher on Friday (August 23, 2013), up nearly 3 percent.

The most actively traded contract for January 2014 delivery ended at 20,295 yuan/metric ton, up 550 yuan or 2.79% from the previous settlement.

Analysts said the Shanghai rubber is expected to see a bull run in the near term with the recovering economy and supply concerns amid expectations for a drop in natural rubber output this year in major producing regions. (Edited by Olivia,olivia@tireworld.com.cn)