Shanghai rubber increased its position to the upside and closed up in shock

In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10750 (+150) yuan / ton; Vietnam's 3L quotation is at 10800 (+200) yuan / ton; 15 years Thailand No.
3 smoke 12450 (+150) yuan / ton; RMB mixed rubber 10100-10200 (+300/+400) yuan/ton
.
Thai Hat Yai raw material market raw film 53.
83 (+0.
54) baht/kg; Tai San tobacco tablets 56.
49 (+0.
7) baht/kg; Field glue 47 (0) baht/kg; Cup gum 38.
5 (0) baht/kg
.

News: 1.
In the first half of 2016, Vietnam's rubber exports increased by 3.
1% to 427,000 tons
.
2.
The China Association of Automobile Manufacturers lobbied the government to permanently reduce taxes
on small cars.

Inventories in Qingdao Free Trade Zone fell, while heavy-duty truck sales continued to grow sharply year-on-year in May, and China's tire exports rose 9%, indicating that downstream demand was performing well
.
With the successive opening of domestic rubber production areas, the supply of raw materials began to increase, and the price of glue fell, but the absolute price of Shanghai rubber is currently low, and there is still strong support
at the 10,000 yuan mark.

Driven by the optimism of the surrounding market, the Shanghai rubber 1609 contract continued to close higher, focusing on the pressure around 11500 in the short term, and it is recommended to trade
in the 11100-11500 range.
The main 1609 contract of Shanghai rubber hit a new low this year in early June, and then traded sideways for half a month, and only in mid-June did the volume rise, and it has now reached 11,000 yuan / ton
.
Recently, the position volume has increased significantly, and the divergence between long and short has increased
.