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SHFE rubber ends lower in choppy session

Shanghai Futures Exchange

Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled in the negative territory after a choppy session on Wednesday (April 3, 2013) ahead of the three-day holiday from April 4 to 6.


The most actively traded contract for September 2013 delivery ended at 21,340 yuan/metric ton, down 85 yuan or 0.40%.


Sentiment remained prudent ahead of the outcome of BOJ's two-day policy meeting, which ends Thursday, as global macroeconomic cues still weighed on rubber fundamentals, said market observers.


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

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