Shanghai rubber rose slightly and increased its position to the upside

Spot price: Shanghai market 14 years Yunxiang state-owned whole milk quotation 10500 yuan / ton (+0); 15-year Baodao whole milk quotation 10700-10800 yuan / ton; Qingdao RMB composite glue, mixed glue 9900-10000 yuan / ton (_200), 15 years 3# tobacco flakes 12100-12200 yuan / ton (+0).

In the bonded zone, the spot price of tobacco tablets is 1460-1500 US dollars / ton (+5), and the spot price of Taima standard 20# is 1260-1280 US dollars / ton (+10).

External, RSS3# reported 1570-1580 US dollars / ton (-20), STR20# reported 1310-1330 US dollars / ton (+10); The purchase price of sea glue raw material glue is 9.
6-9.
8 yuan / kg, and the purchase price of Yunnan first-class glue is 9.
8 yuan / kg (-0.
1).

The price of rubber raw materials in Thailand was mixed, with raw film 53.
99, up 0.
10; smoke film 55.
55, down 0.
14; glue 49.
00, up 0.
50; cup glue 39.
00, up 0.
50
.
(THB/kg).

Stocks: As of mid-June, stocks in the bonded zone decreased by 13,800 tons to 218,800 tons, down 5.
9% from the previous period, a large
decline.
The warehouse receipt of natural rubber futures on Tuesday was 301,500 tons, down 210 tons
.
Among them, Shanghai decreased by 100 tons, Shandong decreased by 30 tons, Yunnan decreased by 80 tons, and other regions did not change
.

Tianjiao imports: China's imports of tianjiao and synthetic rubber totaled 470,000 tons in May, an increase of 68% over the same period of the previous year; From January to May, the cumulative import of tianjiao was 2.
27 million tons, an increase of 71%
year-on-year.

Tianjiao production: According to the latest ANRPC report, in the first five months of this year, the output of tianjiao increased slightly by 0.
3% year-on-year to 4.
08 million tons, of which Vietnam increased production by 8.
1% and Thailand was second by 3.
7%; China's tianjiao production fell the most, down 22.
9%
year-on-year.
In the first five months, the total consumption of ANRPC tiangum increased by 5.
7%.

Tire factory operating rate: In the week of June 16, the semi-steel tire operating rate of domestic tire companies was 72.
3%, down 0.
9 percentage points from last week and 2.
6 percentage points
from the same period last year.

India has become a net importer of rubber due to its continuous growth in domestic consumer demand for automotive tires and other
rubbers.
Due to the shortage of rubber supply, India wants to import 300,000 tons of natural rubber from Thailand to meet its domestic rubber consumption demand
.
India's annual demand for natural rubber exceeds 1 million tons, while domestic production is poor, about 500,000 tons
.
India's domestic rubber production in 2015-2016 fell by 13% to 563,000 tons, and imports increased by 3% to 454,000 tons, with rubber imports equivalent to 44.
64%
of its domestic supply (1.
017 million tons).
In April 2015, the Indian government raised the import duty on natural rubber to 25% or 30 rupees per kilogram, resulting in a reduction in rubber imports and widening the gap
between supply and demand in the country.

Overall, despite the double high inventory suppression of domestic rubber futures and bonded zones, India will purchase Thai rubber
in large quantities.