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

News: 1.
Thailand will conduct the final round of reserve rubber auction
on March 21-22.
February and January production and sales of Malaysian tianjiao fell weakly
.

Spot: the 15-year quotation of state-owned whole milk in Shanghai natural rubber market is 16450-16550 (-50/-50) yuan / ton; Vietnam 3L quotation 17100 (+100) yuan / ton; 15 years Thailand No.
3 tobacco sheet 17750 (-50) yuan / ton; RMB mixed rubber 16800 (-400) yuan / ton
.
Thai Hat Yai raw material market raw film 72.
57 (-0.
58) baht/kg; Tai San tobacco tablets 75.
29 (+1.
52) baht/kg; field glue 68.
5 (+1) baht/kg; Cup glue 63 (+0) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 18000 (+500) yuan / ton; The market price of cis-butadiene rubber is 20000 (+500) 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 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 in February sales in the heavy-duty truck market, showing that the overall downstream demand for rubber remains good
.
From the perspective of circulation, as of the end of February 2017, the rubber inventory in Qingdao Free Trade Zone increased by about 6.
1% to 166,200 tons, of which the natural rubber inventory increased by 72,000 tons to 123,400 tons, putting pressure
on the Shanghai rubber inventory.
The Shanghai rubber 1705 contract focuses on the pressure around 18300 in the short term, and it is recommended to trade
in the 17000-18300 range.