Shanghai rubber down over 1pct tracking equities

Rubber futures traded on the Shanghai Futures Exchange (SHFE) fell over 1 percent on Thursday (August 15, 2013) tracking losses in the domestic equity market.

The most actively traded contract for January 2014 delivery ended at 19,525 yuan/metric ton, down 215 yuan or 1.09% from the previous settlement.

Analysts noted that investors were still cautious about the trading and waited for new factors to direct the prices despite improved macro economic data released earlier this month.

 (Edited by Olivia, olivia@tireworld.com.cn)