Rubber futures traded on the Shanghai Futures Exchange (SHFE) continued the rising momentum on Monday (February 4, 2013) on better-than-expected economic data from both the US and China.
The most actively traded contract for May 2013 delivery ended at 26,780 yuan/metric ton, up 490 yuan or 1.86%.
Analysts with China Securities Co. tipped short-term resistance at 28,000 yuan per metric ton, expecting the bullish run to continue in the coming sessions.
(Contributed by Olivia, olivia@tireworld.com.cn)
