Shanghai rubber corrects in range on Fri.

Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended slightly lower in range-bound trading on Friday (August 2, 2013) tracking a fall in the domestic equity market as the market sentiment remained weak ahead of the weekend.

The most actively traded contract for January 2014 delivery ended at 18,005 yuan/metric ton, down 30 yuan or 0.17% from the previous settlement.

But rebound is expected as brisk US factory activity and a commitment to ease monetary policy by European central banks and the Federal Reserve is likely to boost investor sentiment.

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