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SHFE rubber retreats tracking equities, down nearly 3pct
2013-3-29 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) fell nearly 3% on Thursday (March 28, 2013) tracking losses in the equity market as fermenting banking crisis in eurozone dragged down the commodity market.
The most actively traded contract for September 2013 delivery ended at 22,100 yuan/metric ton, down 670 yuan or 2.94%.
With global economic outlook remaining bleak, the rubber market might see a bearish round in the near term.
(Contributed by Olivia, olivia@tireworld.com.cn)
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