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Shanghai rubber edges down amid weekend uncertainties

rubber

Shanghai rubber edges down amid weekend uncertainties

Rubber futures traded on the Shanghai Futures Exchange (SHFE) continued a downward trend on Friday (August 30, 2013) amid weekend uncertainties.

The most actively traded contract for January 2014 delivery ended at 20,000 yuan/metric ton, down 135 yuan or 0.67% from the previous settlement.

Market sentiment tended to be prudent toward uncertainties during the coming weekend and ahead of the official data for manufacturing purchasing manager index (PMI) in August scheduled on Sunday.

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