Rubber futures traded on the Shanghai Futures Exchange (SHFE) saw a sharp slump of nearly 2.5 percent on Monday (October 28, 2013) extending declines in previous sessions.
The most actively traded contract for January 2014 delivery ended at 19,360 yuan/metric ton, down 495 yuan or 2.49% from the previous settlement.
Traders were worried that a bear run for the commodity market may have started with no signs for bottoming out in the near term.
(Edited by Olivia, olivia@tireworld.com.cn)