Shanghai rubber market weakness downward recommended range trading

In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10150 (-200) yuan / ton; Vietnam's 3L quotation is 10600-10700 (-100/-100) yuan/ton; 15 years Thailand No.
3 tobacco sheet 12350 (-250) yuan / ton; RMB mixed rubber 10500-10600 (-100/-100) yuan / ton
.
Thai Hat Yai raw material market raw film 51.
16 (-0.
35) baht/kg; Tai San tobacco tablets 52.
85 (-0.
29) baht/kg; field glue 48 (-0.
5) baht/kg; Cup gum 39.
5 (-0.
5) baht/kg
.

Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 10700 yuan / ton (0), cis-butadiene rubber market price 10950 yuan / ton (0).

News: 1.
China's tire exports returned to the growth track in July, and exports to the United States recovered
slightly.
In February and July, the inventory coefficient of dealers was 1.
39, and the self-owned brands decreased
significantly month-on-month.

The sales data of heavy trucks in July continued to increase sharply year-on-year, and the operating rate of all-steel tires and semi-steel tires rose to 70% last week, and the overall demand performance was still good; At present, the inventory of Qingdao Free Trade Zone is still falling sharply, and the overseas raw materials are relatively tight due to factors such as weather and rubber tapping sentiment in the production area, and fundamental factors still support
the price of Shanghai rubber.
The Shanghai rubber 1701 contract fell under pressure moving average system, focusing on support around 12200 in the short term, and it is recommended to trade
in the 12200-12650 range.