Rubber futures traded on the Shanghai Futures Exchange (SHFE) fell on Wednesday (March 6, 2013) to end in the negative territory after making a higher opening, largely erasing gains in the previous session.
The most actively traded contract for September 2013 delivery ended at 24,120 yuan/metric ton, down 150 yuan or 0.62%.
Analysts say participants are exiting shorts to set up new longs as market sentiment improves.
Rubber prices are expected to stabilize along with the tight supply inThailand, they note.
(Contributed by Olivia, olivia@tireworld.com.cn)
