Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled higher on Wednesday (July 16, 2014) tracking overnight gains on Wall Street and investor optimism about upcoming earnings reports.
The most actively traded contract for September 2014 delivery ended at 14,045 yuan/metric yuan, up 80 or 0.57% from the previous settlement.
But pullbacks are still expected on recent drop in crude prices, analysts noted.
(Edited by Olivia, olivia@tireworld.com.cn)
