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SHFE rubber down further on Mon. on new property policies
2013-3-5 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) slumped further on Monday (March 4, 2013) tracking broader market losses amid depressing market sentiment in wake of new tightening measures unveiled last Friday.
The most actively traded contract for September 2013 delivery ended at 23,935 yuan/metric ton, down 100 yuan or 0.42%.
However, the downside is limited due to seasonal tight raw material supply, which may boost prices this week if other external factors, such as currency, are also supportive, says a trader inThailand.
(Contributed by Olivia, olivia@tireworld.com.cn)
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