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Shanghai rubber edges down, rebound expected on improved economic data
2013-9-10 0:00:00Font Size：Big Medium Small
Shanghai rubber
Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended in the negative territory on Tuesday (September 10, 2013) despite broader market gains supported by fresh solid domestic economic data.
The most actively traded contract for January 2014 delivery ended at 20,550 yuan/metric ton, down 365 yuan or 1.75% from the previous settlement.
Rebound is expected after the National Bureau of Statistics (NBS) released industrial output and sales data at midday showing that China’s industrial production in August grew 10.4 percent year on year by value added.
(Edited by Olivia,olivia@tireworld.com.cn)
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