Shanghai rubber is under pressure on the 10-day moving average and rushes back down

In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10250-10300 (+200/+250) yuan / ton; Vietnam 3L quotation 10600-10700 (+100/+100) yuan / ton; 15 years Thailand No.
3 tobacco tablets 12450-12550 (+300/+400) yuan/ton; RMB mixed rubber 10500-10600 (+100/+200) yuan/ton
.
Thai Hat Yai raw material market raw film 50.
8 (+0.
23) baht/kg; Tai San Tobacco Tablets 52.
9 (+0.
35) THB/kg; Field glue 50 (+1) baht/kg ; Cup glue 40.
5 (+0.
5) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 10750 yuan / ton (+50) ; The market price of cis-butadiene rubber is 11050 yuan / ton (+50).

News: 1.
Thailand's Ministry of Agriculture urged rubber farmers to stop using sulfuric acid and maintain the export market
of Thai Tianjiao.
Inventories continued to improve in February and August, and dealers' profits improved in the first half of the year
.

Recently, the operating rate of all-steel tires and semi-steel tires has been stable at about 70%, and the off-season is not light, indicating that the overall demand performance is still good
.
From the perspective of circulation, as of the end of August, the rubber inventory in Qingdao Free Trade Zone fell to 116,900 tons, down 16.
9% from the previous period, and the inventory decline was larger
than the previous period.

Thailand's raw material prices have rebounded, overseas production has not yet been released significantly, and fundamental factors still support
Shanghai rubber prices.
Today's Shanghai rubber 1701 contract price under pressure 10-day moving average rushed back down, short-term still pay attention to the 12500 line pressure, it is recommended to trade
in the 12000-12500 range.