Shanghai rubber posts seven-day losing streak on Mon.

Rubber futures traded on the Shanghai Futures Exchange (SHFE) ends lower for the seventh consecutive session on Monday (December 23, 2013).

The most actively traded contract for May 2014 delivery ended at 18,520 yuan/metric ton, down 545 yuan or 2.86% from the previous settlement.

Analysts say fundamentals of the commodity remain weak at present, in the light of sufficient supply and tepid demand outlook. (Edited by Olivia, olivia@tireworld.com.cn)