Rubber futures traded on the Shanghai Futures Exchange (SHFE) slumped on Monday (July 7, 2014), tracking the losses in broader commodity markets.
The most actively traded contract for September 2014 delivery ended at 14,000 yuan/metric ton, down 720 yuan or 4.89% from the previous settlement.
The fundamentals of Shanghai rubber were weak, analysts say, adding that further fall is expected before slight technical rebound.
(Edited by Olivia, olivia@tireworld.com.cn)
