Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled higher on Thursday (July 24, 2014), up nearly 1 percent.
The most actively traded contract for January 2015 delivery ended at 15,490 yuan/metric yuan, up 0.98 percent from the previous settlement.
But the fundamentals of Shanghai rubber have not been improved, analysts say, adding that downside risk remains following a tentative technical rebound.
(Edited by Olivia, olivia@tireworld.com.cn)
