Shanghai rubber oscillations upward The supply of raw materials began to increase

On Thursday, the Shanghai rubber market was volatile to the upside
.
The main 1609 contract of Shanghai rubber closed at 11425 yuan / ton, up 1.
2%, reducing its position by 5006 lots and trading 786070 lots
.

News: 1.
South Korea's tire production fell by 3%
in the first five months of this year.
2.
IHS: By 2018, the loss of light vehicle sales in the UK will reach 2.
8 million units
.

In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 11,000 (+200) yuan / ton; Vietnam's 3L quotation is at 10900 (+100) yuan / ton; 15 years Thailand No.
3 smoke 12950 (+350) yuan / ton; RMB mixed rubber 10100 (-50) yuan / ton
.
Thai Hat Yai raw material market raw film 54.
19 (-1.
01) baht/kg; Tai San tobacco tablets 57.
31 (+0.
8) baht/kg; Field glue 46.
5 (0) baht/kg; Cup gum 39.
5 (+0.
5) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 10400 yuan / ton (+200), cis-butadiene rubber market price 10500 yuan / ton (0).

Inventories in Qingdao Free Trade Zone fell, while heavy-duty truck sales continued to grow sharply year-on-year in May, and China's tire exports rose 9%, indicating that downstream demand was performing well
.

With the successive cutting of domestic rubber production areas, the supply of raw materials began to increase, and the price of glue fell, but at present, due to the early weather reasons, the raw materials in the production areas have not yet been released
.
The center of gravity of the Shanghai rubber 1609 contract has further risen, and the short-term is expected to break through the 60-day moving average, and it is recommended to pay attention to the futures price to buy opportunities around 11200 on the back of the pullback
.