Rubber futures traded on the Shanghai Futures Exchange (SHFE) extended gains on Wednesday (December 5, 2012) on expectations thatChina's new leadership will step up urbanization and construction of public housing.
The most actively traded contract for May 2013 delivery ended at 24,610 yuan/metric ton, up 365 yuan or 1.51 percent.
A bullish run for the rubber market is expected amid improving sentiment afterChina’s top policy makers set the tone for the economic work next year.
(Contributed by Olivia, olivia@tireworld.com.cn)
