Shanghai rubber increased its position and the overall demand shrank slightly

Spot: the 15-year quotation of state-owned whole milk in Shanghai natural rubber market was 18650 (0) yuan / ton; Vietnam 3L quotation 19300 (0) yuan / ton; 15 years Thailand No.
3 tobacco flakes 20550 (0) yuan / ton; RMB mixed rubber 18900 (0) yuan / ton
.
Thai Hat Yai raw material market raw film 82.
72 (0) baht/kg; Tai San tobacco tablets 86.
31 (0) baht/kg; field glue 82 (+0) baht/kg; Cup glue 71 (0) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 24000 (+0) yuan / ton; The market price of cis-butadiene rubber is 25500 (+0) yuan / ton
.

News: 1.
In 2016, China's tire exports increased by 5.
6% year-on-year, and exports to the United States decreased by 11.
3%
year-on-year.
2.
The United States ruled that there was dumping of Chinese-made truck and bus tires, with a dumping range of 9% to 22.
57% and a countervailing duty rate of 38.
61% to 65.
46%.

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 about 76,000 vehicles in December, an increase of 56% over 49,000 units in the same period last year, but also down 17%
from November.
It shows a slight contraction
in overall downstream demand.

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 the price of natural rubber, which forms a certain support
for the price of Shanghai rubber.
The Shanghai rubber 1705 contract focuses on the pressure around 20600 in the short term, and it is recommended to trade
in the 19600-20600 range.