Shanghai rubber ends lower ahead of US job data

Rubber futures traded on the Shanghai Futures Exchange (SHFE) edged down and dived into the negative territory in the last few minutes of trading on Tuesday (October 22, 2013) before the release of the US non-farm payrolls due late Tuesday.

The most actively traded contract for January 2014 delivery ended at 20,455 yuan/metric ton, down 20 yuan or 0.10% from the previous settlement.

Analysts say the US jobs data is expected to provide direction to the commodity in the near term.

(Edited by Olivia, olivia@tireworld.com.cn)