Rubber futures traded on the Shanghai Futures Exchange (SHFE) continued a downward path on Friday (March 29, 2013) as investors still held uncertain outlook and expected cues during the coming weekend for a direction in the following trading session.
The most actively traded contract for September 2013 delivery ended at 22,165 yuan/metric ton, down 135 yuan or 0.61%.
The downside pressure also came from sluggish demand among tire manufacturers as well as rising inventories, said market observers.
(Contributed by Olivia, olivia@tireworld.com.cn)
