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SHFE rubber ends lower in range-bound trading
2013-4-19 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled 4.24 percent lower in tight range on Thursday (April 18, 2013), continuing a downward trend in the wake of the sharp losses in the previous two sessions.
The most actively traded contract for September 2013 delivery ended at 18,725 yuan/metric ton, down 830 yuan or 4.24%.
Analysts noted thatShanghairubber had been oversold over demand concerns fromChina, adding that technical rebound was expected in the coming sessions.
(Contributed by Olivia, olivia@tireworld.com.cn)
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