SHFE rubber ends 2.57% lower on Mon.

Rubber futures traded on the Shanghai Futures Exchange (SHFE) extended declines on Monday (April 1, 2013) as sentiment remained prudent due toChina’s weaker-than-expected PMI data.

The most actively traded contract for September 2013 delivery ended at 21,460 yuan/metric ton, down 565 yuan or 2.57 %.

Although the latest data showed China’s purchasing managers’ index (PMI) for the manufacturing sector rose to 50.9 percent in March from 50.1 percent in February, investors still held uncertain outlook for the country’s economic growth.

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