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Shanghai rubber sees strong rebound on Fri.
2013-8-9 0:00:00Font Size：Big Medium Small
Shanghai rubber
Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended higher on Friday (August 9, 2013) amid optimism on improved economic data for July.
The most actively traded contract for January 2014 delivery ended at 19,330 yuan/metric ton, up 420 yuan or 2.22% from the previous settlement.
The National Bureau of Statistics (NBS) released on Friday key economic data including CPI, PPI, fixed asset investment and sales and production of major industrial products for July.
The data as a whole suggest that China’s economy improved significantly last month and the results were largely better than earlier market expectations.
(Edited by Olivia, olivia@tireworld.com.cn)
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