This entry was posted on Tuesday, December 15th, 2009 at 8:21 am and is filed under Rubber News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
Shanghai – Natural rubber futures on SHFE settle slightly lower amid concern about temporary increase in SHFE trading fees, says Orient Securities Futures analyst Lin Hu; SHFE says it will charge two-way fees in natural rubber contracts trading Dec.16-28 as part of its efforts to contain speculative trading. “Short term, its impact is limited given the extra fee charges will only be implemented for 12 days,” Lin says. Tips contracts will take cues from external markets over next few sessions, likely to consolidate within CNY21,000-CNY22,000/ton range. Benchmark March contract settles down CNY150, or 0.7%, at CNY21,500/ton.
Source: Moneycontrol.com