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SHFE rubber falls on Tue., may correct
2013-5-7 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) experienced a roller coaster ride on Tuesday (May 7, 2013), with prices up about 1.5% around midday before plunging into the negative zone and ending there till market close.
The most actively traded contract for September 2013 delivery ended at 19,825 yuan/metric ton, down 265 yuan or 1.32%.
Fundamentals for rubber remain unchanged with high inventories and demand concerns so new shorts may be set up after the round of buybacks, note observers.
(Edited by Olivia, olivia@tireworld.com.cn)
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