January 10 Shanghai rubber morning review

Outside trading: Crude futures posted their biggest one-day drop in a month on Monday as a number of factors suggested the oversupply situation in the oil market may not resolve as soon as previously expected
.
The NYMEX crude oil futures contract for February ended down $2.
03, or 3.
8 percent, at $51.
96 a barrel
.

Spot: Shanghai natural rubber market 15-year state-owned whole milk quotation of 17,000 (+550) yuan / ton; Vietnam's 3L quotation is 17500 (+300) yuan / ton; 15 years Thailand No.
3 tobacco tablets 18700 (+450) yuan / ton; RMB mixed rubber 16900-17000 (-250) yuan / ton
.
Thai Hat Yai raw material market raw film 75.
77 (+0.
78) baht/kg; Tai San tobacco tablets 79.
89 (+1.
22) baht/kg; field glue 65 (+0) baht/kg; Cup glue 63.
5 (+0.
5) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 22600 (+700) yuan / ton; The market price of cis-butadiene rubber is 24000 (+1000) yuan / ton
.

News: 1.
As of December 30, 2016, the total rubber inventory of Qingdao Bonded Bureau increased by 2.
55% to 108,300 tons compared with December 15, 2016
.
February and November Japanese tire production and sales fell year-on-year, and inventories fell to the lowest value
this year.

Warehouse receipt inventory: Exchange warehouse receipts reported 242,940 tons, an increase of 2,570 tons
.

At present, the operating rate of all-steel and semi-steel of domestic tire factories is higher than the same period last year, and in December 2016, the domestic heavy-duty truck market sold a total of about 76,000 vehicles of various types, an increase of 56% over the same period last year of 49,000 units, but also fell by 17% from November, indicating that the overall downstream demand is still performing well
.
From the perspective of circulation, as of January 4, rubber stocks in Qingdao Free Trade Zone fell by 0.
4%, but inventories are still at a low level
.
And the recent rise in the price of synthetic rubber has some support
for tianjiao.