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Shanghai rubber continues weak trend on first day of 2014

Shanghai rubber

Rubber futures traded on the Shanghai Futures Exchange (SHFE) continued a downward trend on Thursday (January 2, 2014), the first trading day of the New Year.

The most actively traded contract for May 2014 delivery ended at 18,135 yuan/metric ton, down 70 yuan or 0.38% from the previous settlement.

While externalities remained fragile, analysts say a short-term rebound might been seen given the improving liquidity.

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

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