Shanghai rubber fell sharply below the 60-day moving average

Spot: Shanghai natural rubber market 15-year state-owned whole milk quotation in 18400-18500 (-100/-150) yuan / ton; Vietnam 3L quotation 18600 (-600) yuan/ton; 15 years Thailand No.
3 tobacco sheet 19900 (-150) yuan/ton; RMB mixed rubber 18600 (-350) yuan / ton
.
Thai Hat Yai raw material market raw film 81.
35 (-2.
48) baht/kg; Tai San Tobacco Tablets 81.
89 (-2.
88) THB/kg; field glue 72.
5 (-0.
5) baht/kg; Cup glue 68.
5 (-0.
5) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 21000 (-800) yuan / ton; The market price of cis-butadiene rubber is 23300 (-600) yuan / ton
.

News: 1.
The United States canceled the double-reverse investigation
of Chinese truck and bus tires.
2.
On March 7-8, 2017, Thailand's fourth reserve auction
.

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
.
The recent downward price adjustment of synthetic rubber has caused a certain drag
on the price of Shanghai rubber.
The Shanghai rubber 1705 contract focuses on support around 18200 in the short term, and it is recommended to trade
in the 18200-20500 range.