The main contract of Shanghai rubber reduced its position and increased its futures price slightly

News: 1.
ANRPC: In the first eight months, the export of tianjiao fell by 10.
6% year-on-year, and the annual gap may reach 120,000 tons
.
2.
Sumitomo Tire doubled its truck and bus tire production capacity in Brazil
.

In terms of spot: the quotation of 17-year state-owned whole milk (Baodao) in the Shanghai market was 11050 (+100) yuan / ton; Vietnam 3L quotation 11000 (-50) yuan / ton; Thailand No.
3 tobacco flakes 12850 (0) yuan/ton; Yunnan 18 years full latex 11100-11200 (0/0) yuan / ton
.
Thai Hat Yai raw material market raw film 40.
57 (0) baht/kg; Tai San Tobacco Tablets 42.
39 (0) THB/kg; Field glue 41 (0) baht/kg; Cup gum 36.
5 (0) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 12900 (0) yuan / ton; The market price of cis-butadiene rubber is 14750 (0) yuan / ton
.

On the 25th, the enthusiasm of traders in Qingdao Free Trade Zone was scarce, the enthusiasm for intraday shipments was low, the enthusiasm for inquiry did not improve significantly, and the transaction price was narrow.

The transaction price is as follows: Thai standard near port 1365 US dollars / ton, stable; Spot 1360-1370 US dollars / ton, stable
.
Thai blend spot cargo was 1335 US dollars / ton, down 15 US dollars / ton
.
1330 US dollars / ton
.
RMB Thai mixed old goods 10600-10700 yuan / ton, stable; New spot 10800-10850 yuan / ton, stable; 10900-10950 yuan / ton in October, stable; 11,000 yuan / ton in November, stable
.

In terms of inventory: futures inventory was 521020 tons, an increase of 6690 tons
.

At present, the overall climate in the production area is relatively normal, and Thailand's exports continue to increase
.
Although the inventory of Qingdao Free Trade Zone has decreased recently, it is still at a high level
overall, plus the inventory of the previous period, outside the area and Yunnan production area.

Downstream, Shandong tire enterprises have basically resumed production, last week the domestic all-steel operating rate increased year-on-year, semi-steel tire operating rate rose month-on-month, slightly fell year-on-year, but the upcoming National Day holiday will restrict the further improvement
of the operating rate.
The recent strong performance of synthetic rubber prices has supported the futures price of Shanghai rubber, and the short-term Shanghai rubber 1901 contract is recommended to operate
in the 12000-12800 range.