Shanghai rubber downward test recovery recommended range trading

In terms of spot: the 15-year quotation of state-owned whole milk in Shanghai natural rubber market is 17200-17300 (-400/-400) yuan / ton; Vietnam's 3L quotation is 17900 (-200) yuan/ton; 15 years Thailand No.
3 tobacco tablets 18600 (-400) yuan / ton; RMB mixed rubber 17600-17800 (-50) yuan / ton
.
Thai Hat Yai raw material market raw film 74.
5 (-1.
3) baht/kg; Tai San tobacco tablets 75.
59 (-1.
52) baht/kg; field glue 75 (+3) baht/kg; Cup glue 64 (-1) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 21000 (0) yuan / ton; The market price of cis-butadiene rubber is 23000 (0) yuan / ton
.

News: 1.
On March 7, 2017, Thailand will complete the fourth national reserve rubber auction
.
February and January heavy-duty truck sales increased by 125% year-on-year, hitting a six-year high
.

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-February 2017, rubber stocks in Qingdao Free Trade Zone rose by about 29%, exceeding 150,000 tons
.
Pay attention to the later period through the dumping action, the Shanghai rubber 1705 contract short-term focus on the support around 18000, it is recommended to trade
in the 18000-19400 range.