Rubber futures traded on the Shanghai Futures Exchange (SHFE) surged as high as 2.15 percent on Monday (December 10, 2012) as economic data fromChinaand theU.S.offered upbeat signal.
The most actively traded contract for May 2013 delivery ended at 24,925 yuan/metric ton, up 525 yuan or 2.15 percent.
AlthoughChina's November natural rubber imports continued to drop on year, the decline has slowed compared to October and September, indicating a pickup in demand that traders are witnessing on the spot market currently as China-based dealers buy actively, market observers say.
(Edited by Olivia, olivia@tireworld.com.cn)
