Current Location: Home > NEWS > FinancialMarket > Page
SHFE rubber edges down on worrying prospect
2013-12-3 0:00:00Font Size：Big Medium Small
SHFE rubber
Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled lower on Tuesday (December 3, 2013) erasing gains in the previous session.
The most actively traded contract for May 2014 delivery ended at 19,450 yuan/metric ton, down 205 yuan or 1.04% from the previous settlement.
Experts say comparatively sufficient supplies and tepid demand were reasons behind the sluggish prices, tipping key resistance at 19,400 yuan per tonne in the near term.
(Edited by Olivia, olivia@tireworld.com.cn)
Tireworld
- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
