Rubber futures traded on the Shanghai Futures Exchange (SHFE) fell further on Friday (Sep.5, 2014), erasing gains in the previous session.
The most actively traded contract for January 2015 delivery ended at 14,100 yuan/metric yuan, down 2.52 percent from the previous settlement.
Sufficient supply, like Thailand’s reserve selling out and Vietnam cutting export tax, as well as tepid demand, like US’s anti-dumping and anti-subsidy investigation, will continue to weigh on prices of the commodity, said analysts.
(By Amanda, mol@tireworld.com.cn)
