Rubber futures traded on the Shanghai Futures Exchange (SHFE) rebounded and settled higher after making a weak opening on Monday (April 8, 2013).
The most actively traded contract for September 2013 delivery ended at 21,735 yuan/metric ton, up 275 yuan or 1.28%.
The rubber prices may go up further if the major producing countries ofThailand,IndonesiaandMalaysiaagree at a meeting this week to collectively extend an export cut, note market observers.
(Contributed by Olivia, olivia@tireworld.com.cn)
