Shanghai rubber futures slump tracking broader market loss
2014-8-18 16:06:33Editor：AmandaFont Size：Big Medium Small
Rubber futures traded on the Shanghai Futures Exchange (SHFE) fell by over 2 percent on Tuesday (Aug. 12, 2014), hitting two-week low.
The most actively traded contract for January 2015 delivery ended at 15,190 yuan/metric yuan, down 340 yuan or 2.19 percent from the previous settlement.
Wang Ning, analyst with China Creator holds a bearish outlook, noting that increases in rubber supply and tepid demand from downstream industries will continue to weigh on rubber price.
(Edited by Olivia, olivia@tireworld.com.cn)
Tireworld
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