Shanghai rubber reduced its position and closed down

Spot: the 15-year quotation of state-owned whole milk in Shanghai natural rubber market is 20450 (-150) yuan / ton; Vietnam 3L quotation 20000 (-100) yuan / ton; 15 years Thailand No.
3 tobacco flakes 21750 (-50) yuan / ton; RMB mixed rubber 20200-20300 (+300) yuan / ton
.
Thai Hat Yai raw material market raw film 90.
65 (-0.
95) baht/kg; Tai San Tobacco Tablets 92.
67 (-2.
92) Baht/kg; field glue 75 (+1) baht/kg; Cup glue 75 (+0) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 24000 (-300) yuan / ton; The market price of cis-butadiene rubber is 25800 (-100) yuan / ton
.

News: January and January vehicle sales fell by 17.
59% y/y, and commercial vehicles maintained a growth trend
.
2.
In 2016, sales of replacement tires for passenger cars in the U.
S.
increased by 1.
2%
y/y.

At present, the operating rate of all-steel and semi-steel of domestic tire factories is slightly higher than the same period last year, and the domestic heavy-duty truck market sold a total of about 82,000 vehicles in January 2017, an increase of 122% over 36,800 units in the same period last year, but an increase of 9%
month-on-month.
It shows that the overall demand for rubber downstream remains good
.

From the perspective of circulation, as of mid-January 2017, the total rubber inventory of Qingdao Bonded Bureau increased by 12.
4% from December 30, 2016 to 121,800 tons, and the total inventory exceeded 120,000 tons
.
The price of synthetic rubber is significantly higher than that of natural rubber, which forms a certain support
for the futures price of Shanghai rubber.
The Shanghai rubber 1705 contract focuses on support around 21100 in the short term, and it is recommended to trade
in the 21100-22300 range.