SHFE rubber continues downward path on demand concerns

Rubber futures traded on the Shanghai Futures Exchange (SHFE) saw losses sharply widen in the afternoon session on Monday (April 22, 2013) as demand concerns put a damper on market sentiment inChina.

The most actively traded contract for September 2013 delivery ended at 18,615 yuan/metric ton, down 415 yuan or 2.18%.

Physical rubber prices were higher, however, due to the low production season. Trading was cautious, with many sellers and buyers on the sidelines in the wake of volatile price moves, noted market observers.

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