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Shanghai rubber retreats on profit taking
2013-8-14 0:00:00Font Size：Big Medium Small
Shanghai rubber
Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended slightly lower on Wednesday (August 14, 2013) chiefly on profit taking.
The most actively traded contract for January 2014 delivery ended at 19,680 yuan/metric ton, down 85 yuan or 0.43% from the previous settlement.
The mild correction stayed within expectations, said analysts, adding that upside momentum still existed for the commodity as improved macro economic situation in China had boosted investor appetite and pushed up rubber prices.
(Edited by Olivia, olivia@tireworld.com.cn)
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