SHFE rubber futures end lower for 2nd day on Thu.
2012-12-20 0:00:00Font Size：Big Medium Small
Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled lower for the second consecutive trading day on Thursday (December 20, 2012) tracking crude oil fall overnight.
The most actively traded contract for May 2013 delivery ended at 24,895 yuan/metric ton, down 360 yuan or 1.43 percent.
But the temporary correction was understandable as investors turned to profit-taking, said an analyst with Radar Futures, adding that outlook of Shanghai rubber remained somehow upbeat amid recovering downstream demand.
(Contributed by Olivia, olivia@tireworld.com.cn)
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