SHFE rubber falls further on Tue.
Rubber futures traded on the Shanghai Futures Exchange (SHFE) extended losses on Tuesday (November 27, 2012), tracking losses on the Tokyo Commodity Exchange (TOCOM).
The most actively traded contract for May 2013 delivery ended at 23,860 yuan/metric ton, down 490 yuan or 2.01 percent.
Market observers say theShanghairubber is likely to fall further amid risk-averse sentiment with expectations of tight liquidity at the yearend and no fresh stimuli.
(Contributed by Olivia, olivia@tireworld.com.cn)
