The overall demand downstream is better, and Shanghai rubber fluctuates at a high level

In terms of spot: the 15-year quotation of state-owned whole milk in the Shanghai market is about 11200 -11300 (0/+100) yuan / ton; Vietnam 3L quotation 11600-11700 (-100/-100) yuan/ton; 15 years Thailand No.
3 tobacco tablets 13400 (0) yuan / ton; RMB mixed rubber 12000 (0) yuan / ton
.
Thai Hat Yai raw material market raw film 52.
17 (-0.
58) baht/kg; Tai San tobacco tablets 54.
21 (-0.
82) baht/kg; field glue 51 (+1) baht/kg; Cup glue 44.
5 (0) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 11900 yuan / ton (+200) ; The market price of cis-butadiene rubber is 13600 yuan / ton (+200).

News: 1.
Domestic car companies have invested 200 billion yuan overseas in the past three years, and independent factory construction and direct mergers and acquisitions have become the mainstream
.
2.
The future slowdown of the car market and the reshuffle of the parts industry are brewing
.

At present, the operating rate of all-steel and semi-steel of domestic tire factories is higher than the same period last year, and the sales volume of heavy-duty truck market has increased year-on-year, indicating that the overall downstream demand performance is better
.

From the perspective of circulation, as of mid-September, rubber stocks in Qingdao Free Trade Zone fell by 11.
5%, a new low
in nearly five years.
Although the film and tobacco film in the Thai raw material market pulled back slightly, the price of glue continued to rise, indicating that the supply of new rubber is still relatively tight; The recent sharp rise in synthetic rubber has provided support
for the price of natural rubber.

Due to the large current price difference, it is necessary to be wary of the risk of spread reversion in the short term, pay attention to the pressure around 13700, and it is recommended to trade
in the 12900-13700 range.