SHFE rubber ends lower in range on Monday
2012-10-23 0:00:00Font Size：Big Medium Small
Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended lower after moving in tight range on Monday (October 22, 2012) tracking the losses on the Tokyo Commodity Exchange (TOCOM).
The most actively traded contract for January 2013 delivery ended at 25,145 yuan/metric ton, down 415 yuan or 1.62%.
The Shanghai rubber continues to come under downside pressure from global macroeconomic concerns and from profit-taking activities, says market observers, noting that the rubber futures traded on the SHFE may test resistance at 24,000 yuan/metric ton in the near term.
(Contributed by Olivia, olivia@tireworld.com.cn)
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