Rubber futures traded on the Shanghai Futures Exchange (SHFE) settled lower on Monday (July 21, 2014) tracking the movement on the TOCOM.
The most actively traded contract for September 2014 delivery ended at 14,050 yuan/metric yuan, down 0.85% from the previous settlement.
14,000 yuan/t is a crucial resistance line for Shanghai rubber, said analysts, projecting the rubber futures traded on the SHFE will continue to consolidate amid mild fluctuation in the near term.
(Edited by Olivia, olivia@tireworld.com.cn)
