Shanghai rubber increase position increment short-term focus on support around 14200

News: 1.
Qingdao Free Trade Zone rubber continues to flow in, and the storage capacity is tightening
.
2.
According to the statistical analysis of the China Association of Automobile Manufacturers, in March, automobile production and sales showed a rapid growth month-on-month, and the year-on-year growth rate was slightly lower
.

Spot: Shanghai natural rubber market 15-year state-owned full latex quotation at 13500-13600 (-300/-300) yuan / ton; Vietnam 3L quotation 14500 (+100) yuan / ton; 15 years Thailand No.
3 tobacco tablets 14600-14700 (-300/-200) yuan/ton; RMB mixed rubber 13200-13500 (-300) yuan / ton
.
Thai Hat Yai raw material market raw film 69.
27 (+0.
65) baht/kg; Tai San tobacco tablets 72.
52 (+0.
3) baht/kg; Field glue 60 (+1) baht/kg; Cup gum 48 (+1) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 14700 (+900) yuan / ton; The market price of cis-butadiene rubber is 15000 (+200) yuan / ton
.

At present, the operating rate of semi-steel tires and all-steel tires in domestic tire factories are lower than the same period last year, and the tires of downstream enterprises are affected by environmental protection inspections, resulting in a decline in operation, which has reduced the demand
for downstream tires.
In March 2017, the domestic heavy-duty truck market sold a total of 106,000 vehicles of various types, a significant increase of 42% over the same period last year, but an increase of 23%
month-on-month.
Heavy-duty truck sales in March hit a new high in nearly six years, but demand fell short of expectations
.

From the perspective of circulation, as of mid-April 2017, the rubber inventory in Qingdao Free Trade Zone rose sharply to 220,100 tons, a significant increase of 22,200 tons, or 11.
22%, from 197,900 tons at the end of March, and the inventory exceeded 200,000 tons, and the overall inventory gradually rose; Coupled with Thailand's 107,000 tons of inventory, there is no enterprise auction and Yunnan and Hainan enter rubber tapping, and the supply has further increased
.
The upward adjustment of synthetic rubber has a slight support for the Shanghai rubber futures price, and the Shanghai rubber 1709 contract focuses on the short-term support around 14200, and it is recommended to trade
in the 14200-15200 range.