Shanghai rubber low opening oscillation, warehouse receipt pressure is highlighted

News: 1.
Rubber prices continue to rise, and the Thai government has no intervention support plan
.
2.
Vietnam's rubber exports in 2016 may drop to 1 million tons
.
3.
The hot weather has swept the entire Southeast Asian region, and the high temperature weather in Thailand has not yet ended
.

In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 12050 (0) yuan / ton; Vietnam's 3L quotation is 12800-12900 (-100/-100) yuan/ton; Thailand No.
3 tobacco flakes 13100-13200 (-200/-100) yuan/ton
.
Thai Hat Yai raw material market raw film 60.
45 (+0.
28) baht/kg; Tai San tobacco tablets 64.
88 (+0.
38) baht/kg; Field glue 62 (0) baht/kg; Cup glue 51 (+0.
5) baht/kg
.

Thailand's government procurement of tobacco tablets and dry weather have led to rising prices of overseas raw materials
.
The inventory in Qingdao Free Trade Zone is still declining, and the operating rate of downstream tire factories has continued to rise, but with the rise in raw material prices, tire factory profits have been compressed, and the future market needs to pay attention to the
operating rate.
In addition, the domestic rubber production areas have been cut one after another, and the Yunnan production area has ushered in a full cut, and the supply and demand of raw materials are tight or alleviated
.
Today's Shanghai rubber 1609 contract once soared, but under pressure at the 12900 line to fall, while the lower 12700 line support is better, but the probability of short-term downward test of the 12500 line is large, it is recommended to operate
short in the 12900-12400 range.