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SHFE rubber futures consolidate on Thu.

Rubber futures traded on the Shanghai Futures Exchange (SHFE) ended lower on Thursday (December 6, 2012) in line with losses on the Tokyo Commodity Exchange (TOCOM).

The most actively traded contract for May 2013 delivery ended at 24,355 yuan/metric ton, down 0.73 percent.

Concerns about theUSfiscal clisff weighed on the market and investors were also eyeing theUSnon-farm payrolls due to be released on Friday.

SHFE trade is likely to be slow this month due to the year-end holiday season, says a Singapore-based trader at a Japanese brokerage.

 

(Contributed by Olivia, olivia@tireworld.com.cn)

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