Shanghai rubber reduced its position and reduced its volume, and the shock closed down

News: 1.
The Thai Chamber of Commerce reported that the comprehensive damage of the flood in southern Thailand may reach 120 billion baht
.
2.
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
.

In terms of spot: the 15-year quotation of state-owned whole milk in Shanghai natural rubber market was 19650-19750 (-100/-100) yuan / ton; Vietnam 3L quotation 19800-19900 (0/-100) yuan/ton; 15 years Thailand No.
3 tobacco flakes 21250 (-100) yuan/ton; RMB mixed rubber 19000-19200 (-100) yuan / ton
.
Thai Hat Yai raw material market raw film 84.
18 (+0.
3) baht/kg; Tai San Tobacco Tablets 88.
88 (+0.
33) THB/kg; Field glue 81 (+1) baht/kg; Cup glue 72 (+0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 24000 (+0) yuan / ton; The market price of cis-butadiene rubber is 25500 (+0) yuan / ton
.

At present, the operating rate of all-steel and semi-steel of domestic tire factories is higher than the same period last year, and the domestic heavy-duty truck market sold a total of about 76,000 vehicles in December, an increase of 56% over 49,000 units in the same period last year, but also down 17%
from November.
It shows a slight contraction
in overall downstream demand.
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 the price of natural rubber, which forms a certain support
for the price of Shanghai rubber.
The Shanghai rubber 1705 contract focuses on support around 20700 in the short term, and it is recommended to trade
in the 20700-21750 range.