Shanghai rubber ends lower in choppy trading on Wed.

Rubber futures traded on the Shanghai Futures Exchange (SHFE) dived into negative zone in the last few minutes of trading after moving in a choppy session on Wednesday (May 22, 2013) erasing earlier gains in the previous sessions.

The most actively traded contract for September delivery ended at 20,460 yuan/metric ton, down 30 yuan or 0.15%.

Traders say prices of rubber at Qingdao warehouses were lower than international FOB prices, and the old stocks are being sold at a discount.

Meanwhile, physical imports have slowed down considerably but many traders are holding a surplus, add traders, expected mild fluctuations in coming sessions.

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