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Shanghai rubber on losing streak
2013-11-12 0:00:00Font Size：Big Medium Small
Shanghai rubber
Rubber futures traded on the Shanghai Futures Exchange (SHFE) continued a downward path on Tuesday (November 12, 2013).
The most actively traded contract for January 2014 delivery ended at 19,260 yuan/metric ton, down 200 yuan or 1.03% from the previous settlement.
Analysts say supply/demand fundamentals are now the main factor behind the bearish run of Shanghai rubber, with tepid consumption in downstream industries continuing to weigh on the prices.
(Edited by Olivia, olivia@tireworld.com.cn)
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