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Shanghai rubber ends lower on Mon.
2013-7-16 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled sharply lower on Monday (July 15, 2013) tracking losses in the regional commodity market.
The most actively traded contract for January 2014 delivery ended at 17,350 yuan/metric ton, down 430 yuan or 2.42% from the previous settlement.
Market observers said that slowing Chinese economy would weaken the demand for the commodity and the Shanghai rubber will continue a bearish run in the near term in light of the weak fundamentals.
(Edited by Olivia, olivia@tireworld.com.cn)
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