Rubber futures traded on the Shanghai Futures Exchange (SHFE) fell further on Thursday (Aug. 28, 2014), erasing gains in the previous session.
The most actively traded contract for January 2015 delivery ended at 14,640 yuan/metric yuan, down 170 yuan or 1.15 percent from the previous settlement.
Rubber prices have been falling on both the futures and spot markets. Sufficient supply and tepid demand will continue to weigh on prices of the commodity, said analysts.
(Edited by Olivia, olivia@tireworld.com.cn)
