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Shanghai rubber dives on weak fundamentals
2013-7-13 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) retreated and ended nearly 1 percent lower on Friday (July 12, 2013) after a strong rally in the previous session.
The most actively traded contract for January 2014 delivery ended at 17,485 yuan/metric ton, down 175 yuan or 0.99% from the previous settlement.
The market is weighed down by weak supply/demand fundamentals, said analysts, pointing to the mounting high inventories atChina’s bonded zones, accumulatively at around 16,000 tonnes.
(Edited by Olivia, olivia@tireworld.com.cn)
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