Shanghai rubber edges down on lower-than-expected data

Rubber futures traded on the Shanghai Futures Exchange (SHFE) fell into the negative territory on Monday (May 13, 2013), as investors were prudent after lower-than-expected data for industrial production in April.

The most actively traded contract for September delivery ended at 20,515 yuan/metric ton, up 75 yuan or 0.36%.

The National Bureau of Statistics said on Monday that the country’s industrial value-added output rose 9.3% year on year in April, higher than the 8.9-percent growth in March. Despite moderate rise over March, the growth rate for April was still lower than earlier market expectation.

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