Rubber futures traded on the Shanghai Futures Exchange (SHFE) slumped on Thursday (Aug. 14, 2014), reaching a one-month low.
The most actively traded contract for January 2015 delivery ended at 14,925 yuan/metric yuan, down 240 yuan or 1.58 percent from the previous settlement.
Bearish run for the Shanghai rubber is anticipated to continue in the near term in the light of tepid demand of downstream industries.
Short-term resistance is expected at 14,900 yuan per tonne.
(Edited by Olivia, olivia@tireworld.com.cn)
