Shanghai rubber increase in warehouse increment The overall downstream demand is good

News: 1.
As of mid-February 2017, rubber stocks in Qingdao Free Trade Zone soared to 156,600 tons, an overall increase of 34,800 tons, or 28.
57%,
from 12.
18 tons in mid-January.

In terms of spot: the 15-year quotation of state-owned whole milk in Shanghai natural rubber market was 19350 (+500) yuan / ton; Vietnam 3L quotation 19400 (+100) yuan/ton; 15 years Thailand No.
3 tobacco tablets 20650-20850 (+400/+500) yuan/ton; RMB mixed rubber 18800-19000 (-200) yuan / ton
.
Thai Hat Yai raw material market raw film 85.
4 (+0.
02) baht/kg; Tai San Tobacco Tablets 86.
88 (+1.
3) THB/kg; field glue 74 (-2) baht/kg; Cup glue 70.
5 (-1.
5) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 22400 (-600) yuan / ton; The market price of cis-butadiene rubber is 24300 (-400) yuan / ton
.

Summary: At present, the operating rate of all-steel and semi-steel of domestic tire factories is higher than the same period last year, and in January 2017, the domestic heavy-duty truck market sold a total of 82,000 vehicles of various types, 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 price of synthetic rubber is significantly higher than that of natural rubber, which forms a certain support
for the futures price of Shanghai rubber.
The Shanghai rubber 1705 contract focuses on support around 19800 in the short term, and it is recommended to trade
in the 19800-21000 range.