Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled slightly lower on Monday (November 4, 2013) amid lackluster trading as investors looked for fresh cues for a direction.
The most actively traded contract for January 2014 delivery ended at 19,245 yuan/metric ton, down 50 yuan or 0.26% from the previous settlement.
Traders say market participants were waiting for new stimulus from the pending Third Plenary Session of the 18thCommunist Party of China Central Committee to be held between Nov. 9 and 12, which is expected to unveil a comprehensive reform package.
(Edited by Olivia, olivia@tireworld.com.cn)