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Shanghai rubber sees sharp falls, bearish run to continue
2013-11-19 0:00:00Font Size：Big Medium Small
Shanghai rubber
Rubber futures traded on the Shanghai Futures Exchange (SHFE) extended declines on Monday (November 18, 2013), with the downward trend likely to continue in coming sessions.
The most actively traded contract for May 2014 delivery ended at 19,130 yuan/metric ton, down 245 yuan or 1.26% from the previous settlement.
An expert with China Creator noted that room for Shanghai rubber to fall further still existed and the bearish run of the commodity is expected to continue in the near term.
(Edited by Olivia, olivia@tireworld.com.cn)
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