SHFE rubber retreats on Tue., downside to be limited
2013-1-16 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended lower after moving in and out of the positive territory on Tuesday (January 15, 2013).
The most actively traded contract for May 2013 delivery ended at 25,480 yuan/metric ton, down 325 yuan or 1.26 percent.
But the downside ofShanghairubber is likely to be limited due to firm fundamentals despite of possible further corrections in the coming sessions.
(Contributed by Olivia, olivia@tireworld.com.cn)
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