Shanghai rubber contracts increased positions and contracted, and futures prices closed down

News: 1.
In 2018, the annual sales of commercial vehicles may decline to 3.
9 million units
.
2.
Sumitomo Rubber will raise the price of
tires in the North American market on May 1.

In terms of spot: the 16-year quotation of state-owned whole milk in the Shanghai market is 10400-10500 (-100/-100) yuan / ton; Vietnam's 3L quotation is 10600 (-100) yuan / ton; Thailand No.
3 tobacco sheet 13300 (-100) yuan / ton
.
Thai Hat Yai raw material market raw film 45.
65 (0) baht/kg; Tai San tobacco tablets 48.
5 (0) baht/kg; Field glue 45 (0) baht/kg; Cup glue 34 (0) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 12300 (+200) yuan / ton; The market price of cis-butadiene rubber is 12000 (+300) yuan / ton
.

From the perspective of inventory, the inventory of Qingdao Free Trade Zone has declined, indicating that domestic spot began to destock during the shutdown period, and follow-up attention can be paid to whether inventory can continue to decline
.

From the downstream situation, the operating rate of tire factories has increased recently, but the price of raw materials such as carbon black, chemical additives, steel wire, cord and other raw materials has risen sharply, as well as under high pressure of environmental protection, all of which have a direct impact
on the operation of tire factories.
The Shanghai rubber 1809 contract is recommended to trade
in the 11000-11500 range for the short term.