Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended higher on Thursday (Aug. 6, 2014), tracking gains in broader commodity markets.
The most actively traded contract for January 2015 delivery ended at 15,560 yuan/metric yuan, up 120 yuan or 0.78 percent from the previous settlement.
Observers say the Shanghai rubber has already gone through the previous bottom period but downside pressure remains in light of weak fundamentals and decreases in crude oil price.
(Edited by Olivia, olivia@tireworld.com.cn)
