Rubber futures traded on the Shanghai Futures Exchange (SHFE) extended the downward momentum on Monday (January 28, 2013), despite gains on the local equity market.
The most actively traded contract for May 2013 delivery ended at 25,595 yuan/metric ton, down 110 yuan or 0.43%.
Prudent sentiment is expected to dominate the market ahead of the Chinese Lunar New Year holiday, which officially falls on February 9.
(Contributed by Olivia, olivia@tireworld.com.cn)
