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Shanghai rubber plunges on Fri. tracking equities
2013-10-28 0:00:00Font Size：Big Medium Small
Shanghai rubber
Rubber futures traded on the Shanghai Futures Exchange (SHFE) saw a sharp slump of over 3 percent on Friday (October 25, 2013) tracking the sharp fall in the local equity market.
The most actively traded contract for January 2014 delivery ended at 19,405 yuan/metric ton, down 690 yuan or 3.43% from the previous settlement.
Share prices on Shanghai and Shenzhen bourses continued to plunge to the lowest level in the month amid thin trading on Friday. The two markets have seen sharp falls for four consecutive days, triggering market worries of commencing a bear run.
(Edited by Olivia, olivia@tireworld.com.cn)
Tireworld
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