SHFE rubber falls, correction expected
2013-1-7 0:00:00Font Size：Big Medium Small
Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled lower on Monday (January 7, 2013), as investors lock in profits after consecutive gains in previous sessions.
The most actively traded contract for May 2013 delivery ended at 26,075 yuan/metric ton, down 435 yuan or 1.64 percent.
Shanghairubber is likely to correct further as it is basically 10% higher than spot prices, market observers say.
(Contributed by Olivia, olivia@tireworld.com.cn)
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