Shanghai rubber ends 2013 with over 1pct fall

Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled slightly lower on Tuesday (December 31, 2013), the last trading day of 2013.

The most actively traded contract for May 2014 delivery ended at 18,140 yuan/metric ton, down 185 yuan or 1.01% from the previous settlement.

Externalities remained fragile for the commodity in the light of imbalanced supply/demand fundamentals, analysts say, adding that bearish run likely to extend in the New Year.

 (Edited by Olivia, olivia@tireworld.com.cn)