Shanghai rubber futures pull back on Tue.
2014-8-6 9:33:26Editor：AmandaFont Size：Big Medium Small
Rubber futures traded on the Shanghai Futures Exchange (SHFE) posted a rebound on Tuesday (Aug. 5, 2014).
The most actively traded contract for January 2015 delivery ended at 15,480 yuan/metric yuan, down 85 yuan from the previous settlement.
Shanghai rubber is expected to stay relatively stable in the near term, as seasonal factors including typhoon have sparked supply fears, said Wang Ning, an analyst with China Creator.
(Edited by Olivia, olivia@tireworld.com.cn)
Tireworld
- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
