Shanghai rubber declines further on Fri.

Rubber futures traded on the Shanghai Futures Exchange (SHFE) continued a falling momentum on Friday (October 18, 2013), extending losses recorded in the previous session.

The most actively traded contract for January 2014 delivery ended at 20,405 yuan/metric ton, down 325 yuan or 1.56% from the previous settlement.

Analysts said copper remained lack of positive factors to support its rise due to the waning demand on the domestic market, and further cues are expected to provide future direction. (Edited by Olivia, olivia@tireworld.com.cn)