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Shanghai rubber futures settles tad higher

Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled slightly higher on Tuesday (June 24, 2014).

The most actively traded contract for September 2014 delivery ended at 15,285 yuan/metric ton, up 30 yuan or 0.2% from the previous settlement.

Boosted by improvement in China’s manufacturing activities, the upside momentum in rubber futures prices is expected to continue in the short term, analysts say.

(Edited by Olivia, olivia@tireworld.com.cn)

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