Rubber futures traded on the Shanghai Futures Exchange (SHFE) rallied on Thursday (December 12, 2013) settling higher by more than 2 percent.
The most actively traded contract for May 2014 delivery ended at 20,130 yuan/metric ton, up 420 yuan or 2.13% from the previous settlement.
Shanghai rubber is expected to go stronger on stockpiling programs and supply shortage after major mills in China halt tapping, according to a report by Shanghai CIFCO Futures.
(Edited by Olivia, olivia@tireworld.com.cn)
