January 16 Shanghai rubber morning review

External trend: Crude oil futures closed the week lower as the market closely watched the implementation of the
production cut agreement.
The NYMEX crude oil futures contract for February ended down $0.
64, or 1.
21 percent, to settle at $
52.
37 a barrel.

News: 1.
Affected by the flood, Thailand's tianjiao production may drop by 10%.

2.
IRSG: The production of tianjiao recovered in November and consumption improved
.

In terms of spot: the 15-year quotation of state-owned whole milk in Shanghai natural rubber market is 18700-18900 (-150/-100) yuan / ton; Vietnam 3L quotation 19100 (+100) yuan / ton; 15 years Thailand No.
3 tobacco tablets 20600 (+150) yuan / ton; RMB mixed rubber 19000-19200 (+700) yuan / ton
.
Thai Hat Yai raw material market raw film 81.
91 (+0.
34) baht/kg; Tai San Tobacco Tablets 85.
99 (+0.
65) THB/kg; field glue 73 (+3) baht/kg; Cup glue 70 (+2) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 23800 (-200) yuan / ton; The market price of cis-butadiene rubber is 25000 (+200) yuan / ton
.

Warehouse receipt inventory: Exchange warehouse receipts reported 249560 tons, an increase of 2210 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.