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SHFE rubber edges up on Fri.

SHFE rubber edges up on Fri.

Rubber futures traded on the Shanghai Futures Exchange (SHFE) widened gains in the last few minutes on Friday (November 30, 2012), boosted by higher overnight crude-oil prices and tracking gains on the Tokyo Commodity Exchange.

The most actively traded contract for May 2013 delivery ended at 23,945 yuan/metric ton, up 220 yuan or 0.93 percent.

China's demand this year is also supportive, as consumption and imports are likely better than expected, ANRPC says in a report released late Thursday.

 

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