Rubber futures traded on the Shanghai Futures Exchange (SHFE) advanced more than 1 percent and led the rise of commodities on Monday (Aug. 18, 2014).
The most actively traded contract for January 2015 delivery ended at 14,910 yuan/metric yuan, up 5 points from the previous settlement.
Chemical products and metals rebounded on Monday.
The upside momentum, however, is believed to be tentative, as ample supply of rubber will continue to weigh on the futures prices in the mid and long term, analysts say.
(Edited by Olivia, olivia@tireworld.com.cn)
