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Shanghai rubber retreats tracking downturn in stock market
2013-7-26 0:00:00Font Size：Big Medium Small
Shanghai rubber
Rubber futures traded on the Shanghai Futures Exchange (SHFE) retreated and moved in a steady downward trend on Friday (July 26, 2013) tracking falls in local equity market.
The most actively traded contract for January 2014 delivery ended at 18,165 yuan/metric ton, down 350 yuan or 1.89% from the previous settlement.
Traders noted that the continuous decline of share prices in the domestic stock market increased investors’ appetite for safe-haven assets. Corrections are expected in following sessions.
(Edited by Olivia, olivia@tireworld.com.cn)
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