Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled higher on Wednesday (July 23, 2014), up nearly 1 percent.
The most actively traded contract for September 2014 delivery ended at 15,490 yuan/metric yuan, up 0.98 percent from the previous settlement.
Supply fear resulted from the heavy rain in the Philippines, southern China and Vietnam helped underpin the rubber prices, analysts said.
(Edited by Olivia, olivia@tireworld.com.cn)
