Shanghai rubber market increased positions upward, short-term performance is strong

In terms of spot: the 15-year quotation of state-owned whole milk in the Shanghai market is about 10900-10950 (+350/+350) yuan / ton; Vietnam 3L quotation 11100-11200 (+400/+400) yuan / ton; 15 years Thailand No.
3 tobacco tablets 13250-13450 (+200/+400) yuan/ton; RMB mixed rubber 11400-11500 (+400/+500) yuan/ton
.
Thai Hat Yai raw material market raw film 51.
57 (+0.
88) baht/kg; Tai San tobacco tablets 53.
39 (+0.
66) baht/kg; Field glue 48.
5 (0) baht/kg; Cup glue 42.
5 (+1) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 11400 yuan / ton (0); The market price of cis-butadiene rubber is 12800 yuan / ton (0).

News: 1.
Sales of light truck tires in the United States will increase by 6.
2%
in 2016.
2.
Sales in the European car market in August rose by 10%.

At present, the operating rate of all-steel and semi-steel of domestic tire factories is stable at around 70%, higher than the same period last year, and the sales volume of heavy truck market has increased year-on-year, indicating that the overall downstream demand performance is better
.

From the perspective of circulation, as of mid-September, rubber stocks in Qingdao Free Trade Zone fell by 11.
5%, a new low in nearly five years; The domestic full latex price is obviously discounted with mixed rubber, which is conducive to the outflow of stock on the exchange, and the old rubber warehouse receipt is solved
.
Raw material prices in Thailand continue to rise, and the supply of new rubber is still relatively tight; The recent sharp rise in synthetic rubber has provided support
for the price of natural rubber.

Driven by the fundamentals of bullishness, the short-term Shanghai rubber 1701 contract may perform strongly, but it is necessary to be vigilant against the risk of the return of the current price spread, pay attention to the pressure around 13300, and recommend trading
in the 12800-13300 range.