The Shanghai rubber market opened low and fluctuated, stopped falling and stabilized

In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 11250-11300 (0/+50) yuan / ton; Vietnam's 3L quotation is at 12000 (-200) yuan / ton; 15 years Thailand No.
3 tobacco flakes 12250 (-350) yuan/ton; RMB mixed rubber 10950 (-200) yuan / ton
.
Thai Hat Yai raw material market raw film 59.
89 (-0.
7) baht/kg; Tai San tobacco tablets 62.
62 (-2.
17) baht/kg; Field glue 61 (-0.
5) baht/kg; Cup glue 48 (-1) baht/kg
.
Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 12200 yuan / ton (-150), cis-butadiene rubber market price 11400 yuan / ton (-100).

News: 1.
ANRPC: In the first four months of 2016, the production and sales of tianjiao increased
year-on-year.
2.
SGX: Higher rubber prices on the Singapore Exchange should gradually stimulate supply growth
.

Localized rainfall in Thailand and slight
easing of dry weather.
At present, the inventory of Qingdao Free Trade Zone is still declining, but the decline has narrowed
.
Downstream tire factories have been compressed due to the rise in raw material prices, and the operating rate of semi-steel tires has declined
.
In May, with the domestic rubber production area successively cut, the supply and demand of raw materials is tight or eased, but the supply of the production area has not yet been released, the positive factors remain, and the fundamentals do not support the futures price to continue to fall
sharply.
Today's Shanghai rubber 1609 contract was confirmed in the 60-day moving average support, short-term focus on 12000 position pressure, 11800-12100 range intraday operation
.