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SHFE rubber continues a downward trend, thin trading
2013-5-28 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) continued to take a downward path amid thin trading on Monday (May 27, 2013), extending losses incurred last week.
The most actively traded contract for September delivery ended at 19,115 yuan/metric ton, down 330 yuan or 1.70%.
Traders say the contango between spot and benchmark months may widen due to high physical stockpiles, expecting the bearish run of Shanghai rubber may continue for a while.
(Edited by Olivia, olivia@tireworld.com.cn)
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