Shanghai rubber market increases positions upward and is expected to continue the rebound in the short term

Spot price: Shanghai market 15 years Yunxiang state-owned whole milk quotation 10550-10600 yuan / ton (+100), Qingdao RMB composite rubber, mixed rubber 11250-11300 yuan / ton (+200), Vietnam 3L small factory beautiful goods quotation 10800 yuan / ton (+200), 15 years 3# tobacco tablets 12800 yuan / ton (+200).

Free Trade Zone, 16-year quotation of tobacco tablets 1650-1660 (+25), Taima standard 20# spot 1540-1560 (+20), October-December far month cargo 1430-1480 (+50).

Externally, RSS3# is trading at $1660-1730/ton (+20), and STR20# is trading at $1450-$1460/ton (+40).

The purchase price of first-class glue in Yunnan production area is 10.
1-10.
3 yuan / kg, and the purchase price of sea rubber raw material glue is 10.
7-10.
8 yuan / kg (+0).

Thailand's raw material prices rose, raw film 50.
69, up 0.
29; smoke film 52.
93, up 1.
01; glue 48.
50, flat; cup glue 41.
50, up 0.
50
.
(THB/kg).

Inventories: Total rubber stocks in the Qingdao Free Trade Zone continued to fall to 103,500 mt in mid-September, down 11.
5% from the end of August and the lowest since
September 2011.
First, there is a rigid demand, and the outbound volume is greater than the inbound volume; Second, the spot cargo has been greatly lifted, and the willingness to enter the warehouse has decreased; Third, the import of tianjiao has declined
for three consecutive months.
In the short term, rubber inventories will continue to decline
.

Tire operating rate: whether it is all-steel tires or semi-steel tires, the operating rate has rebounded month-on-month: all-steel tires increased by 0.
8 percentage points, semi-steel tires increased by 0.
4 percentage points; in addition, the above two indicators are higher than the same period last year, of which semi-steel tires are more eye-catching
.

Shanghai rubber rose sharply, driving the spot price of RMB to rise by 50-300 yuan / ton, the current supply side performance is tightening, the inventory in the bonded area is low, and the terminal factory off-season is not light, from some merchants bullish expectations to heat up
.
The price of US dollar dry rubber rose by 25-40 US dollars / ton overall; Qingdao bonded zone dollar rubber quotation rose by 25-80 US dollars / ton, the market offer is active, buying gas is general, the spot of standard rubber in the bonded zone is still in short supply, the price has risen sharply, and the performance of Vietnamese rubber is weak
.

At present, the market bulls are in a strong mood, and natural rubber is tight on the supply side and the demand side is performing well, and the short-term rebound momentum is obvious
.
Total rubber stocks in the Qingdao Free Trade Zone continued to fall to 103,500 tonnes in mid-September, down 11.
5% from the end of August and the lowest since
September 2011.
The first main reason is that there is a rigid demand, and the outbound volume is greater than the inbound volume; Second, the spot cargo has been greatly lifted, and the willingness to enter the warehouse has decreased; Third, the import of tianjiao has declined
for three consecutive months.
In the short term, rubber inventories will continue to decline
.
The spot trading price in Hong Kong has risen all the way, and due to objective factors such as recent weather and shipping, it is difficult to alleviate the shortage of goods in a short period of time, and it is expected that Shanghai rubber is expected to continue to rebound
in the short term.