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Shanghai rubber ends lower in range trading

shanghai rubber SHFE

Shanghai rubber ends lower in range trading

Rubber futures traded on the Shanghai Futures Exchange (SHFE) retreated further on Thursday (August 29, 2013) basically in range trading.

The most actively traded contract for January 2014 delivery ended at 20,135 yuan/metric ton, down 480 yuan or 2.33% from the previous settlement.

Strong greenback weighed on the prices of commodities, said analysts, adding that supports for theShanghairubber remained relatively strong on demand/supply fundamentals.

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