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Dec 29: SHFE rubber futures mostly up; may rise further

Shanghai – Natural rubber futures on SHFE settle mostly higher on firm crude oil, says Orient Securities Futures analyst He Jing. Adds natural rubber may rise further over next few sessions “if crude oil keeps rising”; improving fundamentals to support natural rubber medium-, long-term. Benchmark 2010 March contract settles up CNY15 at CNY24,030/ton.

Source: Moneycontrol.com

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This entry was posted on Wednesday, December 30th, 2009 at 8:52 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.

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