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SHFE rubber extends decline tracking outside cues

Shanghai Futures Exchange

Rubber futures traded on the Shanghai Futures Exchange (SHFE) continued to see a sharp fall on Tuesday (February 26, 2013) tracking an overnight fall on outside commodity market.


The most actively traded contract for September 2013 delivery ended at 24,155 yuan/metric ton, down 580 yuan or 2.34%.


The deep correction indicates the market’s pessimistic outlook for the market with trading still lackluster after the Spring Festival holiday.


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

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