SHFE rubber settles lower in range trading on Thu.
2012-11-8 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled lower in range trading on Thursday (November 8, 2012), as the European debt crisis and theUSfiscal cliff rekindled investors’ panic sentiment after the US election.
The most actively traded contract for May 2013 delivery ended at 23,465 yuan/metric ton, down 540 yuan or 2.25 percent.
Investors’ risk appetite remained low amid uncertainties about the global economy.
Chinais scheduled to release some key economic data for October on Friday, which is expected to give fresh guidance for the market.
(Contributed by Olivia, olivia@tireworld.com.cn)
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