Rubber futures traded on the Shanghai Futures Exchange (SHFE) continued a losing momentum on Tuesday (December 24, 2013).
The most actively traded contract for May 2014 delivery ended at 18,310 yuan/metric ton, down 2.03% from the previous settlement.
Turnover of the rubber market is getting thinner in recent sessions. Tight liquidity around the end of the year and continuously rising inventories at Qingdao Bonded Zone will continue to exert downside pressure on the commodity, according to a report by Shanghai CIFCO Futures.
(Edited by Olivia, olivia@tireworld.com.cn)
