Shanghai rubber futures is hard to cheer up
2014-9-3 9:42:31Editor：AmandaFont Size：Big Medium Small
With all bad news coming out, rubber futures traded on the Shanghai Futures Exchange (SHFE) technically collated on Thursday (Sep. 2, 2014).
The most actively traded contract for January 2015 delivery technically rebounded, but contract for September 2014 delivery kept bearish.
Analysts said that contract for January 2015 and September 2014 deliveries would keep downside after short-term collation, due for un-exchanged downstream demand.
(By Amanda, mol@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
