Shanghai rubber increase position increment recommended range trading

News: In January and January, Vietnam's exports of tianjiao increased by 1.
7% year-on-year, and exports to China increased by 31%.

2.
The inventory warning index in January 2017 was 61.
5%, up 18.
6 percentage points
from the previous month.

Spot: Shanghai natural rubber market 15-year state-owned whole milk quotation in 20800-21000 (+1300/+1400) yuan / ton; Vietnam 3L quotation 20100 (+700) yuan/ton; 15 years Thailand No.
3 tobacco tablets 22000 (+1200) yuan / ton; RMB mixed rubber 19500-19600 (+200) yuan / ton
.
Thai Hat Yai raw material market raw film 89.
4 (+0) baht/kg; Tai San Tobacco Tablets 92.
09 (+0) THB/kg; Field glue 73 (0) baht/kg; Cup glue 74 (+0) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 24300 (-100) yuan / ton; The market price of cis-butadiene rubber is 25900 (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 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 the pressure around 22400 in the short term, and it is recommended to trade
in the 20700-22400 range.