SHFE rubber futures fall to break 14,000 yuan/t support
2014-7-10 9:00:11Editor：AmandaFont Size：Big Medium Small
Rubber futures traded on the Shanghai Futures Exchange (SHFE) continued falling on Wednesday (July 9, 2014), breaking the support of 14,000 yuan per tonne.
The most actively traded contract for September 2014 delivery ended at 13,970 yuan/metric ton, down 55 yuan or 0.39% from the previous settlement.
The downside pressure remains high in the light of recent anti-dumping and anti-subsidy cases against China’s tire exports to the US, which triggered worries about shrinking demand for auto tires, analysts say.
(Edited by Olivia, olivia@tireworld.com.cn)
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