SHFE rubber retreats, further pullbacks expected
2012-9-24 0:00:00Font Size：Big Medium Small
Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled sharply lower on Monday (September 24, 2012) after falling as much as 2.6%.
The most actively traded contract for January 2013 delivery ended at 23,565 yuan/metric ton, down 620 yuan or 2.56%.
The retreat was largely within expectation, said market observers, adding the more downside moves might follow ahead of the upcoming Chinese eight-day holidays.
￡¨Contributed by Olivia, olivia@tireworld.com.cn)
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