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SHFE rubber futures extend loss on Tue.

Rubber futures traded on the Shanghai Futures Exchange (SHFE) continued a falling momentum on Tuesday (July 8, 2014).

The most actively traded contract for September 2014 delivery ended at 14,010 yuan/metric ton, down 230 yuan or 1.62% from the previous settlement.

The United Steelworkers have appealed to the US government to conduct anti-dumping and anti-subsidy probe on China’s tire exports to the US, triggering worries on a shrinking demand for auto tires, analysts observed.

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

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