Shanghai rubber increased its position and closed higher, and the futures price closed higher

News: 1.
In the first three quarters of 2018, synthetic rubber production fell by 2.
9%, and SBR production decreased by 6%.

2.
Bridgestone raised the price of truck and bus tires in the North American market by 4%.

In terms of spot: the 17-year quotation of state-owned whole milk (Yunxiang) in the Shanghai market was 10850 (+150) yuan / ton; Vietnam 3L quotation 10550 (+150) yuan / ton; Thailand No.
3 tobacco tablets 12250 (+150) yuan/ton; Yunnan 17 years full latex 10450 (+100) yuan / ton
.

Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11700 (0) yuan / ton; The market price of cis-butadiene rubber is 11800 (0) yuan / ton
.
On January 2, the market offer enthusiasm of Qingdao Free Trade Zone was acceptable, the enthusiasm of inquiry was raised, the transaction price of US dollar rubber rose steadily, and the transaction price of RMB rubber rose in price
.

Although the domestic natural rubber production areas have entered the cutting period, the main production areas of Southeast Asian tianjiao are still in the peak season of rubber tapping, and this year's global tianjiao production will still maintain a growth momentum, and from the perspective of inventory, exchange inventory and inventory outside the bonded area have continued to increase, and the future supply pressure is still large
.

Downstream, the operating rate of tire factories has declined, and the pre-holiday stock is relatively light
.
However, at present, the price of Shanghai rubber is close to the domestic rubber tapping cost line, and the futures price has limited
room for decline.
The Shanghai rubber 1905 contract is recommended to trade
in the 10900-11600 range for the short term.