Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled lower on Wednesday (September 5, 2012), in line with the downward movement of rubber futures on the Tokyo Commodity Exchange (TOCOM), as overnight U.S. manufacturing data weighed on the market sentiment.
The most actively traded contract for January 2013 delivery ended at 21,605 yuan/metric ton, down 285 yuan or 1.3%.
Macroeconomic factors would continue to dominate the trend of Shanghai rubber in the near term.
Traders were awaiting further cues from the ECB meeting on Thursday, said market observers.
