Shanghai rubber weak oscillation night session continues

Night trading: RU1805 contract opening price 14080 yuan / ton, the highest price 14120 yuan / ton, the lowest price 14005 yuan / ton, the latest price 14030 yuan / ton; Down 50 yuan / ton, down 0.
36%.

The opening price of the Nippon 1805 contract is 203.
9 yen/kg, the highest price is 206.
2 yen/kg, the lowest price is 202.
1 yen/kg, and the closing price is 204.
2 yen/kg; The trading volume was 4258 lots, and the position volume was 9487 lots
.

Domestic sales area market: Shanghai market, Yunnan 16 years full latex quotation of 12,000 yuan / ton; Shandong market, Yunnan 16-year full latex quotation of 11900 yuan / ton; Hengshui market, Yunnan 16-year whole milk quotation 11650 yuan / ton, Yunnan market, 17-year full latex quotation 12100 yuan / ton
.

The warehouse receipts of natural rubber futures in the previous period increased by 2860 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the previous period was reported at 262,600 tons
.
Among them, Shanghai increased by 2630 tons, Yunnan Ping, Shandong increased by 30 tons, Tianjin Ping, Hainan increased by 200 tons
.

The Shanghai rubber RU1805 contract was weak and volatile on Wednesday, and the night session continued
.
From the 60-minute K-line chart, the K-line fell back to the lower edge of the moving average system, and the technical indicator MACD red column continued; On the daily chart, the K-line crossed the 5-day moving average below, and the technical indicator MACD red column turned green
.
The volume and position increased, and the technical picture was weak
.
The top 20 members held positions, long orders 73129 (+791), short orders 108717 (+1631), net short 35588 lots
.

Industry-related information:

1.
According to foreign research reports, the global tire production will exceed 2.
2 billion in 2017, and the report also pointed out that it is expected that from 2017 to 2022, tire production will grow at a compound annual growth rate of 3.
4% to 2.
7 billion
.
Due to the strong price of raw materials in recent years, the valuation scale of the tire market has grown slightly faster
.
It will reach $223 billion in 2017 and $267 billion in 2022, with a compound annual growth rate of 3.
7%.

The major factors for the growth of the tire market include the maturation of the U.
S.
, Western Europe, and Asian markets, especially the growth of the Chinese market
.
High-performance tires in North America and Europe will continue to grow
strongly.
Consumption of tire raw materials is expected to reach 45.
2 billion tons
in 2017.
2022 or to 54.
5 billion tons, an increase of 3.
8%.

2.
The China Association of Automobile Manufacturers released the production and sales data
for November 2017.
In November, automobile production was 3,080,300 units, up 18.
69% m/m and 2.
31% y/y.
Sales were 2,957,600 units, up 9.
73% m/m and 0.
65%
y/y.
Automobile production and sales increased from the previous month, and the year-on-year growth rate was slightly lower
.
Commercial vehicle production was 411,200 units, up 11.
01% m/m and 10.
35% y/y.
Sales were 368,100 units, up 7.
33% m/m and 5.
64%
y/y.
Among the main varieties of commercial vehicles, compared with the previous month, the production and sales of buses and trucks increased, among which the growth rate of bus production and sales was more obvious; Compared with the same period of the previous year, truck production and sales continued to increase, bus production decreased slightly, and sales increased
slightly.