Rubber futures traded on the Shanghai Futures Exchange (SHFE) moved upwards amid volatile trading on Wednesday (December 12, 2012) in line with gains on TOCOM.
The most actively traded contract for May 2013 delivery ended at 24,900 yuan/metric ton, up 135 yuan or 0.55 percent.
Raw material prices are expected to stay firm with demand coming from all sides – shippers, dealers, and end users, market observers noted.
(Contributed by Olivia, olivia@tireworld.com.cn)