Shanghai rubber low open low go low oscillation

Before the holiday, the main contract of Shanghai rubber closed down at a low level
.
Thai Hat Yai raw material market raw film 55.
65 (+0.
46) baht/kg; Tai San tobacco tablets 57.
09 (-0.
5) baht/kg; field glue 51.
5 (-0.
5) baht/kg; Cup glue 40.
5 (+0.
5) baht/kg
.
Shanghai's 14-year state-owned whole milk price rose by about 100 yuan / ton; The price of Tai No.
3 cigarette tablets was flat
.

According to news, the Association of Natural Rubber Producing Countries (ANRPC) adjusted the global natural rubber supply outlook in 2016 and said that the price of natural rubber will not rise
in the next three months.
ANRPC's
latest report is based on monthly production data from major rubber-producing countries from January to May.
The adjusted report shows that the growth rate of global supply of sky rubber will slow to 0.
3% in 2016, and the supply growth rate will be 0.
8% in 2015 and 5%
in 2014.
The global supply of tianjiao in 2016 is expected to be 11.
075 million tons, slightly higher than the previous year's 11.
042 million tons
.
ANRPC had expected that the global supply of sky rubber would touch 11.
166 million tons in 2016, an increase of 1.
1%
year-on-year.

Domestic news: According to Beijing on June 8, preliminary data released by the General Administration of Customs of China showed that China's imports of natural rubber and synthetic rubber (including latex) totaled 470,000 tons in May, an increase of 68% over the same period last year and a decrease of 6%
month-on-month.
Data show that China imported a total of 2.
27 million tons of rubber from January to May 2016, an increase of 71%
year-on-year.

Tianjiao inventory rebounded, while downstream enterprises expect the operating rate to decline, and supply and demand are unfavorable
to the rise in rubber prices.
Recently, Shanghai rubber has been greatly affected by capital speculation, if the market bullish boom subsides, then the rubber price will also test down to verify the bottom support, short-term participation is appropriate
.
The fundamentals of Tianjiao are in line with the seasonal law of previous years, and it is expected that the short-term rubber price will fluctuate at a low level and decline in a narrow range
.