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SHFE rubber plunges nearly 2% on economic concerns
2013-5-14 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) tumbled by nearly 2% on Tuesday (May 14, 2013), as investors showed more cautious attitude on concerns about slow recovery of the Chinese economy.
The most actively traded contract for September delivery ended at 20,275 yuan/metric ton, down 400 yuan or 1.93%.
Investors were taking the opportunity to lock in profits amid a lack of bullish news Tuesday, said traders, noting the fundamentals of the SHFE rubber remained unchanged at present.
(Edited by Olivia, olivia@tireworld.com.cn)
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