Shanghai rubber ends tad lower on Wed.

Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended slightly lower on Wednesday (November 13, 2013) tracking losses on the local equity market.

The most actively traded contract for May 2014 delivery ended at 19,250 yuan/metric ton, down 30 yuan or 0.16% from the previous settlement.

Wang Ning, analyst with China Creator, noted that Shanghai rubber is still on a bearish run and tipped short-term resistance at 19,000 yuan per metric ton.

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