Rubber futures traded on the Shanghai Futures Exchange (SHFE) almost erased earlier gains and settled slightly higher on Thursday (Aug. 21, 2014) after making a strong opening.
The most actively traded contract for January 2015 delivery ended at 14,970 yuan/metric yuan, up 0.34 percent from the previous settlement.
Analysts tip short-term resistance at 15,250 yuan per tonne, noting that downside risk remains high on the traditional peak season of rubber supply.
(Edited by Olivia, olivia@tireworld.com.cn)
