SHFE rubber futures extends losses on Tue., tracking outside cue

Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended nearly 2 percent lower on Monday (June 30, 2014), tracking overnight fall in overseas market.

The most actively traded contract for September 2014 delivery ended at 14,860 yuan/metric ton, down 90 yuan or 0.60% from the previous settlement.

Following the rally last week, rubber futures prices will face technical pullbacks soon, analysts say.

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