Shanghai rubber retreats, down 1.52% on Wed.

Rubber futures traded on the Shanghai Futures Exchange (SHFE) fell into the negative territory before midday on Wednesday (June 5, 2013). 

The most actively traded contract for September delivery ended at 18,820 yuan/metric ton, down 290 yuan or 1.52%.

Fundamentals at present remained weak due to seasonal factors and the bearish trend was unlikely to change in the near term, said traders, who mostly adopted a wait-and-see attitude in recent sessions.

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