Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled lower in range trading on Wednesday (September 25, 2013) tracking equity losses.
The most actively traded contract for January 2014 delivery ended at 20,575 yuan/metric ton, down 165 yuan or 0.80% from the previous settlement.
Analysts with China Creator saidShanghairubber is more likely to move upwards in the near term amid range-bound trading in the light of better manufacturing data in major economies.
(Edited by Olivia, olivia@tireworld.com.cn)