March 17 Shanghai rubber morning review

Spot market: Thailand spot US dollar rubber quotations in the bonded zone fell, and domestic spot prices fell
.
The domestic main sales area market, 14-year full latex in Shanghai 16300 yuan / ton; The 14-year state-owned whole milk tax-free price in Hengshui is 15,600 yuan / ton; The 16-year full latex quotation in Yunnan was 16800 yuan / ton, and the SCR5 report was 16300 yuan / ton; Guangdong Vietnam 3L reported 17300 yuan / ton
.
In terms of US dollar rubber, Qingdao Free Trade Zone Tai San reported 2350 US dollars / ton, and Thai standard spot reported 2010 US dollars / ton
.

The warehouse receipt of natural rubber futures in the previous period was reported at 281940 tons, an increase of 2160 tons
from the previous trading day.

Shanghai rubber rebounded slightly, and the spot quotation of full latex was 16300-16400 yuan / ton
.
Although the Thai government recently announced the postponement of the original 125,000-ton dumping plan, it did not support the sluggish rubber market, which is more like a decision
to sell after the recent decline in rubber prices.
In addition, during the "two sessions", factories have stopped work and limited production in a large area, and demand is limited, which affects the demand
for raw material replenishment by hose, cable and other product enterprises in Hebei.
The withdrawal of bull funds indicates that the market atmosphere has changed greatly from the previous bull-dominated pattern, and will enter a bearish-oriented medium-term downward market
.

Shanghai rubber yesterday again hit the line around 18000, the overall has not changed much, or in the 17200-18000 range oscillation, the end of the day closed again
.
The trend of Tokyo Rubber yesterday was still dominated by range consolidation, and it was slightly lower
at the end of the day.
The Federal Reserve announced a rate hike in the early hours of yesterday, but as the news of the market's expectations for interest rate hikes has been digested in advance, coupled with the reduction of crude oil inventories, crude oil prices jumped from a three-month low, driving the overall strength of commodities and temporarily easing the downward pressure
on Shanghai rubber.
Some domestic rubber forests have recently suffered from powdery mildew disasters, but the degree of impact on rubber forests has yet to be verified
.