Shanghai rubber increased its position slightly, and the futures price fell slightly

News: 1.
ANRPC: In the first nine months, the production and sales of tianjiao were booming, and the exports of member countries fell by 2.
2%.

2.
Bridgestone increased investment
in its Canadian plant.

Spot: the 17-year quotation of state-owned whole milk (Baodao) in the Shanghai market was 10600 (-100) yuan / ton; Vietnam's 3L quotation is 10750 (-50) yuan / ton; Thailand No.
3 tobacco flakes 12300 (-100) yuan/ton; Yunnan 17 years full latex 10700 (-50) yuan / ton
.
Thai Hat Yai raw material market raw film 40.
52 (+0.
09) baht/kg; Tai San tobacco tablets 43.
1 (+0.
6) baht/kg; Field glue 39.
5 (0) baht/kg; Cup glue 35.
5 (0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 12400 (0) yuan / ton; The market price of cis-butadiene rubber is 12900 (0) yuan / ton
.

On the 23rd, the enthusiasm of the Qingdao Free Trade Zone market offer was still at a high level, the enthusiasm for inquiry was still tepid, the counteroffer price was low, and the number of transactions was still small
。 The transaction price is as follows: Thai standard: near port 1310 US dollars / ton; $1340/ton in December; January $1360/ton; Horse standard: spot 1310 US dollars / ton; Thai mix: near port 1310-1320 US dollars / ton; Spot 1310-1320 USD/ton; $1,320/ton in early November; RMB Thai mix: 10,500 yuan / ton in July; September 10550-10600 yuan / ton; From October to early November, the spot is 10600 yuan / ton; 10650 yuan / ton in late November; 10750 yuan / ton
in December.

Inventories: futures inventories were 512,850 tons, down 980 tons
.

At present, the overall climate of the production area is relatively normal, and in the intermediate circulation link, although the inventory of Qingdao Free Trade Zone has dropped significantly, it is understood that there are factors
such as centralized outbound and statistical caliber adjustment.
In addition, the inventory of the previous period, outside the region and Yunnan production area is still at a high level, and the overall inventory pressure is still obvious
.

Downstream, the seasonal sales of tire factories tend to be better, the increase in export tax rebates for tire products and the sharp reduction of the tax rate of truck and bus tires imported from China by the European Union are beneficial to the tire industry, but the sales of domestic heavy trucks are not optimistic
.
The short-term recommendation for the Shanghai rubber 1901 contract is to operate
in the 11800-12500 range.