Shanghai rubber opens low and goes low, increases positions and decreases

News: 1.
As of December 30, 2016, the total rubber inventory of Qingdao Bonded Bureau increased by 2.
55% to 108,300 tons compared with December 15, 2016
.
February and November Japanese tire production and sales fell year-on-year, and inventories fell to the lowest value
this year.

Spot: the 15-year quotation of state-owned whole milk in Shanghai natural rubber market is 16450 (+0) yuan / ton; Vietnam 3L quotation 17200 (+0) yuan / ton; 15 years Thailand No.
3 tobacco sheet 18250-18350 (-100/-100) yuan/ton; RMB mixed rubber 17,200 (-300) yuan/ton
.
Thai Hat Yai raw material market raw film 74.
99 (+1.
32) baht/kg; Tai San tobacco tablets 78.
67 (+0.
79) baht/kg; field glue 645 (+1) baht/kg; Cup glue 63 (+0) baht/kg
.

From the perspective of circulation, as of December 30, 2016, the total rubber inventory of Qingdao Bonded Bureau increased by 2.
55% from December 15, 2016 to 108,300 tons, but the current inventory is still at a low level
.

At present, the operating rate of all-steel and semi-steel of domestic tire factories is higher than the same period last year, and the domestic heavy-duty truck market sold a total of about 76,000 vehicles in December, an increase of 56% over 49,000 units in the same period last year, but also down 17%
from November.
The sales volume of the monthly heavy-duty truck market increased sharply year-on-year, indicating that the overall downstream demand shrank
slightly.
The price of synthetic rubber has risen sharply, forming a certain support
for the futures price of Shanghai rubber.
The Shanghai rubber 1705 contract focuses on the support around 17500 in the short term, and it is recommended to trade
in the 17500-18600 range.