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SHFE rubber retreats on Friday on profit taking
2013-7-8 0:00:00Font Size：Big Medium Small
Shanghai Futures Exchange
Rubber futures traded on the Shanghai Futures Exchange (SHFE) edged down on Friday (July 5, 2013) to break again the crucial line of 18,000 yuan per metric ton on profit taking.
The most actively traded contract for January 2014 delivery ended at 17,935 yuan/metric ton, down 235 yuan or 1.29% from the previous settlement.
Part of the pressure also came from falling international crude oil prices, said Wang Ning, an analyst with China Creator. (Edited by Olivia, olivia@tireworld.com.cn)
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