SHFE rubber settles lower, awaiting Fed meeting outcomes
2012-9-14 0:00:00Font Size：Big Medium Small
Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled lower on Thursday (September 13, 2012) after five straight days of gains, as investors await the outcomes of two-day meeting of the U.S. Federal Reserve.
The most actively traded contract for January 2013 delivery ended at 23,080 yuan/metric ton, down 340 yuan or 1.45%.
Market observers say the correction was within expectations following Shanghai rubber's strong rally this week. The rubber futures may see further volatile trading in the coming sessions but the downside would be limited.
(Contributed by Olivia, olivia@tireworld.com.cn)
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