SHFE rubber extends loss on Tue.
2013-1-8 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled lower for the third consecutive session on Tuesday (January 8, 2013).
The most actively traded contract for May 2013 delivery ended at 26,180 yuan/metric ton, down 65 yuan or 0.25 percent.
Trade is likely to be slow in the coming sessions amid prudent sentiment ahead of the Spring Festival holiday.
Analysts with Zhongcai Futures tipped short term resistance at 25,950 to 26,150 yuan per metric ton.
(Contributed by Olivia, olivia@tireworld.com.cn)
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