Shanghai rubber reduced its position and contracted the futures price to close down

News: Sales of heavy trucks in January and February fell 21% to 68,000 units
.
2.
New vehicle sales in the U.
S.
in February fell 2.
3%
y/y.

In terms of spot: the 16-year quotation of state-owned whole milk in the Shanghai market is 12000-12100 (-200/-200) yuan / ton; Vietnam 3L quotation 12000-12100 (-200/-200) yuan/ton; Thailand No.
3 tobacco flakes 14700 (-300) yuan / ton
.
Thai Hat Yai raw material market raw film 46.
91 (+0.
24) baht/kg; Tai San Tobacco Tablets 48.
4 (-0.
6) THB/kg; field glue 48 (+1.
5) baht/kg; Cup glue 38 (0) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 12900 (-100) yuan / ton; The market price of cis-butadiene rubber is 13000 (0) yuan / ton
.

From the perspective of inventory, the inventory of Qingdao Free Trade Zone continues to grow, reflecting that the current domestic supply and demand situation has not been significantly improved
.

From the downstream situation, although the tire factory will usher in the resumption of work after the holiday, the operating rate is expected to continue to increase, but the price of carbon black, chemical additives, steel wire, cord and other raw materials has risen sharply, and some regions began to collect environmental protection taxes and other comprehensive factors, all have a direct impact
on the later tire factory start.

Recently, the Thai government has taken new measures to boost rubber prices, and short-term profits have gradually been digested, and the short-term 1805 contract of Shanghai rubber is recommended to operate
in the 12850-13350 range.