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SHFE rubber extends losing momentum on Fri.
2013-3-29 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) continued a downward path on Friday (March 29, 2013) as investors still held uncertain outlook and expected cues during the coming weekend for a direction in the following trading session.
The most actively traded contract for September 2013 delivery ended at 22,165 yuan/metric ton, down 135 yuan or 0.61%.
The downside pressure also came from sluggish demand among tire manufacturers as well as rising inventories, said market observers.
(Contributed by Olivia, olivia@tireworld.com.cn)
Tireworld
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