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Shanghai rubber futures down 1% on Mon.

Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled lower on Monday (Aug. 11, 2014).

The most actively traded contract for January 2015 delivery ended at 15,410 yuan/metric yuan, down 155 yuan or 1 percent from the previous settlement.

Analysts generally hold bearish outlook for the near term, noting that increases in rubber supply and tepid demand from downstream industries.

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

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