Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended slightly higher on Wednesday (December 25, 2013), which is largely interpreted as a dead cat bounce back after a seven-session losing streak.
The most actively traded contract for May 2014 delivery ended at 18,415 yuan/metric ton, up 35 0.19% from the previous settlement.
Analysts with Shanghai CIFCO Futures believe that tight liquidity around the end of the year and continuously rising inventories at Qingdao Bonded Zone will continue to exert downside pressure on the commodity.
(Edited by Olivia, olivia@tireworld.com.cn)
