Rubber futures traded on the Shanghai Futures Exchange (SHFE) continued a falling momentum on Tuesday (July 8, 2014).
The most actively traded contract for September 2014 delivery ended at 14,010 yuan/metric ton, down 230 yuan or 1.62% from the previous settlement.
The United Steelworkers have appealed to the US government to conduct anti-dumping and anti-subsidy probe on China’s tire exports to the US, triggering worries on a shrinking demand for auto tires, analysts observed.
(Edited by Olivia, olivia@tireworld.com.cn)
