Rubber futures traded on the Shanghai Futures Exchange (SHFE) extended losses on Wednesday (October 23, 2013) tracking the falls in broader commodity markets.
The most actively traded contract for January 2014 delivery ended at 20,105 yuan/metric ton, down 435 yuan or 2.12% from the previous settlement.
Investors were concerned about the outlook of the commodity due to increasing stocks, analysts say. Meanwhile, the disappointing local equity markets also dampened investors’ appetite on Wednesday, they added.
(Edited by Olivia, olivia@tireworld.com.cn)
