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SHFE rubber ends lower, technical rebound expected
2013-5-3 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended slightly lower on Thursday (May 2, 2013), the first trading day after the May Day holiday, on weakerChinamanufacturing data and bleak demand outlook.
The most actively traded contract for September 2013 delivery ended at 19,120 yuan/metric ton, down 160 yuan or 0.83%.
A technical rebound is expected as theShanghairubber has been oversold in recent sessions, said observers, adding that the broader markets, including Tocom rubber, will be looking to the ECB's policy meeting later in the day for further cues.
(Edited by Olivia, olivia@tireworld.com.cn)
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