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Trade Service
On Thursday, the main 1801 contract of Shanghai rubber closed
in shock.
The price closed at 16420 yuan / ton, down 2.
38%, reducing 5528 lots, and trading 779666 lots
.
In terms of spot: the 15-year quotation of state-owned whole milk in the Shanghai market is 13800 (-100) yuan / ton; Vietnam's 3L quotation is 14000 (-100) yuan / ton; 15 years Thailand No.
3 tobacco flakes 16600 (-100) yuan / ton
.
Thai Hat Yai raw material market raw film 55.
09 (-0.
52) baht/kg; Tai San tobacco tablets 56.
69 (-0.
38) baht/kg; Field glue 55 (+0.
5) baht/kg; Cup glue 47 (+0.
5) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 14300 (-200) yuan / ton; The market price of cis-butadiene rubber is 14700 (-200) yuan / ton
.
News: 1.
The meeting of the three-country rubber alliance is imminent, and Malaysia wants to stabilize prices and increase production
.
2.
Hankook Tire raised prices
again.
Summary of views: From the perspective of inventory, the recent continuous decline in rubber inventory in Qingdao Free Trade Zone provides support, while the sales data of domestic heavy trucks in August increased sharply year-on-year, indicating that downstream demand performed better
.
From the downstream situation, the operating rate of domestic all-steel tires and semi-steel tires fell year-on-year last week, mainly due to high temperature weather and environmental protection inspections that made it difficult for the factory operating rate to increase
significantly.
The Shanghai rubber 1801 contract focuses on the support around 16350 in the short term, and it is recommended to take a bargain-hunting operation
.