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SHFE rubber ends tad lower in choppy trade on Monday

Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled slightly lower in choppy trading on Monday (October 29, 2012).

The most actively traded contract for January 2013 delivery ended at 24,590 yuan/metric ton, down 55 yuan or 0.22%.

Persistent concerns about demand continue to weigh on market sentiment, overshadowing supportive supply-side factors including export cuts by major producer countries, market observers noted.

(Contributed by Olivia, olivia@tireworld.com.cn

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