Shanghai Rubber Closing Doji Suggested range trading

News: 1.
The latest customs data shows that imports of natural rubber latex soared to 54.
41 thousand tons in December, up 3.
76%
from the previous month.
2.
Sales of heavy-duty trucks soared 1.
2 times in January, and the market may increase by 100,000 units
in the first quarter.

In terms of spot: the 15-year quotation of state-owned whole milk in Shanghai natural rubber market is 19550-19700 (+750/+700) yuan / ton; Vietnam 3L quotation 19300-19400 (+200/+300) yuan / ton; 15 years Thailand No.
3 tobacco tablets 20750-20850 (+550/+650) yuan/ton; RMB mixed rubber 19450-19500 (+0) yuan / ton
.
Thai Hat Yai raw material market raw film 90.
22 (+2.
64) baht/kg; Tai San tobacco tablets 92.
23 (+4.
43) baht/kg; field glue 75 (+2) baht/kg; Cup glue 74 (+1) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 24800 (-200) yuan / ton; The market price of cis-butadiene rubber is 26200 (+0) yuan / ton
.

At present, the operating rate of all-steel and semi-steel of domestic tire factories is higher than the same period last year, and the domestic heavy-duty truck market sold a total of 82,000 vehicles in January 2017, an increase of 122% over the same period last year of 36,800 units, but an increase of 9%
month-on-month.
It shows that the overall demand for rubber downstream remains good
.
From the perspective of circulation, as of mid-January 2017, the total rubber inventory of Qingdao Bonded Bureau increased by 12.
4% from December 30, 2016 to 121,800 tons, and the total inventory exceeded 120,000 tons
.
The price increase of synthetic rubber is still strong, forming a certain support
for the Shanghai rubber futures price.
The Shanghai rubber 1705 contract focuses on support around 21500 in the short term, and it is recommended to trade
in the 19900-21500 range.