Shanghai rubber reduced its position and closed down

In terms of spot: the 15-year quotation of state-owned whole milk in Shanghai natural rubber market is 16900-17000 (-100/-100) yuan / ton; Vietnam 3L quotation 17400 (0) yuan / ton; 15 years Thailand No.
3 tobacco tablets 18200 (-200) yuan / ton; RMB mixed rubber 16750 (-50) yuan / ton
.
Thai Hat Yai raw material market raw film 74.
15 (+0.
92) baht/kg; Tai San Tobacco Tablets 75.
39 (-1.
13) THB/kg; field glue 72 (+2) baht/kg; Cup glue 63 (+0) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 18000 (0) yuan / ton; The market price of cis-butadiene rubber is 20200 (0) yuan / ton
.

News: 1.
As of March 17, 2017, rubber stocks in Qingdao Free Trade Zone increased by 12.
5% to 187,000 tons
.
2.
In 2017, the production of passenger tires may increase by 25%, and the production of truck and bus tires will increase by 10%.

At present, the operating rate of all-steel and semi-steel of domestic tire factories is higher than the same period last year, and in February 2017, the domestic heavy-duty truck market sold a total of about 88,000 vehicles of various types, a significant increase of 152% over the same period last year, but an increase of 6%
month-on-month.
It set a record high for sales in the heavy-duty truck market in February, but heavy-duty truck sales fell short of expectations
.
From the perspective of circulation, as of March 17, 2017, rubber stocks in Qingdao Free Trade Zone increased by 12.
5% to 187,000 tons, an increase of 20,000 tons
from the previous month.
Synthetic rubber is higher than the price of Shanghai rubber, which forms a certain support
for Shanghai rubber.
The Shanghai rubber 1705 contract focuses on support around 17400 in the short term, and it is recommended to trade
in the 17400-18500 range.