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The price of the main contract RU1705 from Wednesday to Friday stopped falling and stabilized, and the center of gravity slowly moved
upward.
The Japanese rubber index also rebounded slightly at a low level, and the short-term or again tested the 300 integer pressure
.
Spot price: Shanghai market 15 years Yunxiang state-owned whole milk quotation of 17600 yuan / ton (+0).
Qingdao area Thailand RMB mixed rubber 17800 yuan / ton (-200), Vietnam 3L mixed rubber quotation 17600 yuan / ton (-100), Thailand 3# tobacco tablets 19000 yuan / ton (+100).
Free Trade Zone, RSS3 Honmanli Tobacco Tablets 2450-2500 USD/ton (+0); Thai standard spot 2120-2130 US dollars / ton (-35).
Cargo 2130-2170 (-35).
Stocks: As of the end of February 2017, rubber stocks in Qingdao Free Trade Zone rose to 166,200 tons, an increase of 09,600 tons, or 6.
13%,
from 156,600 tons in mid-February.
Among them, the inventory of tianjiao increased by 07,200 tons to 123,400 tons, an increase of 6.
19%, while synthetic rubber increased by 02,400 tons to 38,400 tons, an increase of 6.
67%.
In the short term, Thailand has postponed the fourth storage dump indefinitely, the operating rate of domestic tire companies has slowly recovered, and the fundamentals are still supported; The technical situation also stopped falling and stabilized, and short orders temporarily left the market, trying to take advantage of the dip
.
