Rubber futures traded on the Shanghai Futures Exchange (SHFE) widened loss on Friday (January 3, 2014), tracking fall in the local equity market.
The most actively traded contract for May 2014 delivery ended at 17,625 yuan/metric ton, down 510 yuan or 2.81% from the previous settlement.
Shanghai rubber is expected to maintain volatile trading in a basically downward trend in the near term, an analyst with Holly Futures pointed out.
(Edited by Olivia, olivia@tireworld.com.cn)
