SHFE rubber retreats, leading commodity market loss
2012-10-19 0:00:00Font Size：Big Medium Small
Rubber futures traded on the Shanghai Futures Exchange (SHFE) moved downwards on Friday (October 19, 2012) before ending as much as 2.8 percent lower, leading the losses of the local commodity market.
The most actively traded contract for January 2013 delivery ended at 24,860 yuan/metric ton, down 710 yuan or 2.78%.
Supply has improved due to seasonal factors, exerting further downside pressure onShanghairubber, market observers say?￡
(Contributed by Olivia, olivia@tireworld.com.cn)
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