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SHFE rubber posts sharp slump on Thu., turnover remains thin
2013-6-7 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) saw a sharp slump of nearly 4% on Thursday (June 6, 2013) tracking losses in broader markets overnight.
The most actively traded contract for September delivery ended at 18,240 yuan/metric ton, down 750 yuan or 3.95%.
The Shanghai rubber is expected to take a bearish run in the near term as major rubber producing countries all moved into their high rubber tapping season since the start of June.
(Edited by Olivia, olivia@tireworld.com.cn)
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