Shanghai rubber futures slump further on Thu.
2014-8-29 9:58:12Editor：AmandaFont Size：Big Medium Small
Rubber futures traded on the Shanghai Futures Exchange (SHFE) fell further on Thursday (Aug. 28, 2014), erasing gains in the previous session.
The most actively traded contract for January 2015 delivery ended at 14,640 yuan/metric yuan, down 170 yuan or 1.15 percent from the previous settlement.
Rubber prices have been falling on both the futures and spot markets. Sufficient supply and tepid demand will continue to weigh on prices of the commodity, said analysts.
(Edited by Olivia, olivia@tireworld.com.cn)
Tireworld
- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
