The fundamentals are still weak, and Shanghai rubber reduces its position and shrinks

News: 1.
The draft of the Vehicle Purchase Tax Law was submitted to the Standing Committee of the National People's Congress for deliberation, and the 10% tax rate remained unchanged
.
In February and July, Thailand's exports of Tianjiao increased to 288,000 tons
year-on-year.

In terms of spot: the quotation of 16-year state-owned whole milk (Baodao) in Yunnan in the Shanghai market is 10300 (-50) yuan / ton; Vietnam 3L quotation 10800 (-50) yuan / ton; Thailand No.
3 tobacco flakes 12600 (-150) yuan/ton; Yunnan 17 years full latex 10600 (0).

Hainan fresh latex purchase price 10600 (0); The purchase price of Yunnan glue is 9800 (0).

Thai Hat Yai raw material market raw film 42.
99 (-0.
06) baht/kg; Tai San tobacco tablets 44.
29 (-0.
68) baht/kg; field glue 42 (-0.
5) baht/kg; Cup gum 37 (0) baht/kg
.

Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 13000 (0) yuan / ton; The market price of cis-butadiene rubber is 15000 (0) yuan / ton
.

On the 28th, the enthusiasm of traders in Qingdao Free Trade Zone was raised, the enthusiasm of intraday shipments was acceptable, the enthusiasm of inquiry did not improve significantly, and the overall situation of transaction prices fell
steadily.
The transaction price is as follows: Thai standard port (small factory) 1340 US dollars / ton
.
Thailand mixed 1345 US dollars / ton in September, down 15 US dollars / ton
.
RMB Thai mixed old goods 10450-10550; Spot 10600-10650 yuan / ton, down 100 yuan / ton; 10,700 yuan / ton in September, down 150 yuan / ton; In October, it was 10,800 yuan / ton, down 100 yuan / ton
.

In terms of inventory: futures inventory was 499920 tons, a decrease of 2030 tons
.

At present, the climate of the main upstream producing countries is normal, and Thailand's natural rubber and synthetic rubber exports totaled 2.
85 million tons from January to July, an increase of 10.
6% year-on-year, and the supply pressure in the future market is obvious
.
The midstream of the industrial chain is still under obvious inventory pressure, and the overall fundamentals of the Shanghai rubber market are still weak
.
The rise in the price of synthetic rubber caused by the firm price of butadiene has supported the price of Shanghai rubber
.

From the perspective of the market, the 1901 contract is recommended to pay attention to the 12200 first-line support, and short-term intraday trading
in the 12200-12800 range.