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On Friday, the main 1709 contract of Shanghai rubber increased its position, closed at the drop limit, and the price closed at 15675 yuan / ton, down 7.
03% from the previous trading day, increasing its position by 17494 lots, with a transaction of 7783640 lots
.
Spot: Shanghai natural rubber market 15 years state-owned full latex quotation in 14700-14800 (-650/-650) yuan / ton; Vietnam 3L quotation 15500 (-700) yuan/ton; 15 years Thailand No.
3 tobacco sheet 15700-15800 (-750/-650) yuan/ton; RMB mixed rubber 15600-15950 (-350) yuan / ton
.
Thai Hat Yai raw material market raw film 70.
55 (-0.
26) baht/kg; Tai San tobacco tablets 75.
03 (+0.
39) baht/kg; Field glue 67 (+1) baht/kg; Cup glue 56 (+0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 14000 (-300) yuan / ton; The market price of cis-butadiene rubber is 16500 (0) yuan / ton
.
News: In January and February, the number of Japanese synthetic rubber exports to China increased
year-on-year.
2.
The latest inventory statistics show that as of March 31, 2017, the total rubber inventory of Qingdao Bonded Bureau increased by 5.
83% to 197,900 tons compared with March 15, 2017, an increase of 07,300 tons
from the previous month.
At present, the operating rate of semi-steel in domestic tire factories is lower than the same period last year, and the operating rate of all-steel tires is slightly higher than the same period level, and in March 2017, the domestic heavy-duty truck market sold a total of about 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.
In March, heavy-duty truck sales hit a new high in the same period in nearly six years, indicating that downstream demand is still performing well
.
From the perspective of circulation, as of March 31, 2017, the total rubber inventory of Qingdao Bonded Bureau increased by 5.
83% compared with March 15, 2017 to 197,900 tons, an increase of 07,300 tons from the previous month; the start of free tires basically reached the high point of the first half of the year, the demand growth in the later period was limited, the local cutting in Yunnan, and the completion of 310,000 tons of inventory cleanup in Thailand before the end of May all had a serious
impact on the suppression of Shanghai rubber.
The Shanghai rubber 1709 contract focuses on support around 15300 in the short term, and it is recommended to trade
in the 15300-17000 range.