May 18 Shanghai rubber morning review

News: According to the statistics of the China Association of Automobile Manufacturers, in April 2016, the production and sales of heavy trucks (including incomplete vehicles and semi-trailer tractors) were 66,345 and 68,884 units, down 8.
84% and 7.
85% month-on-month, up 25.
94% and 17.
34% year-on-year, respectively, and the growth rate
was expanding compared with the previous month (up 8.
63% and 10.
42% year-on-year, respectively).

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10750 (-50) yuan / ton; Vietnam's 3L quotation is at 11500 (-200) yuan / ton; 15 years Thailand No.
3 smoke 12300 (-50) yuan / ton; RMB mixed rubber 10600 (+50) yuan / ton
.
Thai Hat Yai raw material market raw film 58.
73 (0) baht/kg; Tai San tobacco tablets 61.
9 (-0.
56) baht/kg; Field glue 59 (-0.
5) baht/kg; Cup glue 46 (0) baht/kg
.

Warehouse receipt inventory: Exchange warehouse receipts reported 294,660 tons, an increase of 130 tons
.

Overall: At present, the inventory of Qingdao Free Trade Zone is still declining, although the operating rate of downstream tire factories has declined, but it is flat at the same level last year, and the sales volume of heavy trucks in April increased year-on-year and has an expansion trend, indicating that demand is gradually picking up
.
With the successive cutting of domestic rubber production areas, the supply and demand of raw materials are tight or have eased, but due to the impact of drought, the supply of production areas has not yet increased
.
The Shanghai rubber 1609 contract closed slightly higher overnight, focusing on the 11500 first-line pressure in the short term, and trading in the 11500-11200 range within the day
.