Shanghai rubber futures slumps on Tue.
2014-8-27 8:53:28Editor：AmandaFont Size：Big Medium Small
Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled 2 percent lower on Tuesday (Aug. 26, 2014), under pressure of Thai government's plan to sell rubber reserves.
The most actively traded contract for January 2015 delivery ended at 14,765 yuan/metric yuan, down 300 yuan or 1.99 percent from the previous settlement.
Analysts remained a bearish outlook of Shanghai rubber in the near term, tipping resistance at 14,000 yuan/tonne.
(Edited by Olivia, olivia@tireworld.com.cn)
Tireworld
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