Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled slightly higher after moving into the positive territory in the last few minutes on Thursday (May 9, 2013).
The most actively traded contract for September 2013 delivery ended at 20,335 yuan/metric ton, up 145 yuan or 0.72 %.
Prices came off as higher-than-expected April inflation data fromChinais damping hopes of an immediate policy easing, said analysts.
The National Bureau of Statistics said Thursday thatChina’s consumer price index (CPI), a main gauge of inflation, grew 2.4 percent year on year in April, up from 2.1 percent in March. The rise is slightly higher than earlier market expectation of about 2.2 percent.
(Edited by Olivia, olivia@tireworld.com.cn)
