SHFE rubber ends 1% lower on Wed., likely to fall more before rebound
2013-1-17 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended 1% lower in range-bound trading on Wednesday (January 16, 2013).
The most actively traded contract for May 2013 delivery ended at 25,495 yuan/metric ton, down 250 yuan or 0.97 percent.
"Technical signals are also poor, signaling further selling," says a trader based in southernThailand, adding thatShanghairubber is also weighed down by improving supply.
(Contributed by Olivia, olivia@tireworld.com.cn)
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