Shanghai rubber reduced its position and reduced its futures price fluctuated slightly

News: 1.
Thai rubber farmers hope that the government will support rubber prices
through tianjiao barter trade.
February and January tire exports increased by 2.
3% y/y and imports increased by 7.
4%.

In terms of spot: the 16-year quotation of state-owned whole milk in the Shanghai market was 12200 (0) yuan / ton; Vietnam 3L quotation 12300 (0) yuan / ton; Thailand No.
3 tobacco tablets 14900 (-50) yuan / ton
.
Thai Hat Yai raw material market raw film 46.
56 (0) baht/kg; Tai San Tobacco Tablets 49 (0) baht/kg; Field glue 49 (0) baht/kg; Cup glue 38 (0) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 13000 (0) 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 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's new measures to boost rubber prices are expected to be difficult to implement, although it is difficult to have a substantial impact, but in the short term will provide speculation for long funds, Shanghai rubber main 1805 contract recommended short-term more ideas operation, pay attention to the upper pressure 13250 line
.