Shanghai rubber reduced its position and volume to continue its decline

Spot: Shanghai natural rubber market 15-year state-owned whole milk quotation at 16450-16550 (-100/-50) yuan / ton; Vietnam's 3L quotation is 17100 (-100) yuan/ton; 15 years Thailand No.
3 tobacco tablets 17850 (+50) yuan / ton; RMB mixed rubber 17100 (-650) yuan / ton
.
Thai Hat Yai raw material market raw film 73.
35 (-0.
95) baht/kg; Tai San tobacco tablets 74.
12 (-1.
18) baht/kg; field glue 74 (-2.
5) baht/kg; Cup glue 63 (-1.
5) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 19200 (-300) yuan / ton; The market price of cis-butadiene rubber is 21000 (-200) yuan / ton
.

News: 1.
Sales of generalized passenger cars in the first two months fell 2.
9%
year-on-year.
2.
In 2016, Japan's synthetic rubber exports increased by 7.
4%, and exports to China increased by 14.
2%.

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 sharp decline in the price of synthetic rubber has dragged down Shanghai rubber
.
The Shanghai rubber 1705 contract focuses on support around 17200 in the short term, and it is recommended to trade
in the 17200-18500 range.