Rubber futures traded on the Shanghai Futures Exchange (SHFE) continued a losing momentum on Friday (Aug. 15, 2014), reaching a new low in three and half months.
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.
Recent fall in crude prices could further weigh on rubber prices, analysts warn.
Light, sweet crude for September delivery moved down 2.01 dollars to settle at 95.58 US dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery lost 2.27 dollars to close at 102.01 dollars a barrel.
(Edited by Olivia, olivia@tireworld.com.cn)
