Shanghai rubber edges down, bearish run expected

Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled lower on Friday (June 7, 2013), the last trading day before a three-day public holiday next week, due to concerns over tightening liquidity and key economic data for May to be released during the weekend.

The most actively traded contract for September delivery ended at 18,330 yuan/metric ton, down 200 yuan or 1.08%.

Fundamentals remained weak for the Shanghai rubber as major rubber producing countries all moved into their high rubber tapping season since the start of June, said investors.

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