SHFE rubber settles lower on Mon. on profit taking
2013-1-14 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended lower in range trading on Monday (January 14, 2013) due to profit-taking after strong gains recently.
The most actively traded contract for May 2013 delivery ended at 25,840 yuan/metric ton, down 320 yuan or 1.22 percent.
ButShanghairubber is expected to pick in the remainder of the month as the market expects Chinese traders to pile up stocks ahead of the Lunar New Year.
(Contributed by Olivia, olivia@tireworld.com.cn)
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