Shanghai rubber ends higher Mon. tracking local equities

Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled higher on Monday (August 26, 2013), tracking the rise in China’s equity markets.

The most actively traded contract for January 2014 delivery ended at 20,700 yuan/metric ton, up 635 yuan or 3.16% from the previous settlement.

A spokesman from the National Bureau of Statistics said the Chinese economy had demonstrated obvious signs of stabilizing and China would realize this year’s growth target. (Edited by Olivia,olivia@tireworld.com.cn)