The Shanghai rubber market opened low and ran sideways

In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10050 (-100) yuan / ton; Vietnam's 3L quotation is 10100-10200 (-400/-300) yuan/ton; 15 years Thailand No.
3 smoke 11500 (-300) yuan / ton; RMB mixed rubber 9550-9600 (-150/-100) yuan / ton
.
Thai Hat Yai raw material market raw film 51.
85 (+0.
11) baht/kg; Tai San Tobacco Tablets 51.
89 (+0.
3) THB/kg; Field glue 45.
5 (0) baht/kg; Cup glue 37 (0) baht/kg
.

News: 1.
China's auto industry prosperity index has maintained a recovery
for three consecutive quarters.
2.
India's tianjiao production is difficult to meet its own needs
.

According to the latest production and sales information released by the China Association of Automobile Manufacturers, in May 2016, domestic trucks (trucks) sold a total of 257313 units, a year-on-year increase of 5.
22% and a month-on-month decrease of 13.
85% (sales in April 298663 units, a year-on-year increase of 7.
53%, and a month-on-month decrease of 10.
72%).

From January to May this year, the domestic truck market sold a total of 1290873 units, a year-on-year increase of 4.
67%.

In May 2016, a total of 64,831 domestic heavy-duty trucks (including incomplete vehicles and semi-trailer tractors) were sold, a sharp increase of 25.
37% year-on-year (slightly higher than the growth rate of the micro truck market in May, which is very rare), and a decrease of 5.
88%
month-on-month.
This is also the fourth consecutive month of growth in the heavy-duty truck market since the beginning of this year, and the momentum is good
.

Summary of views: Imported rubber maintained year-on-year growth in May, and inventory in Qingdao Free Trade Zone stopped falling and stabilized, but downstream heavy-duty truck sales in May increased sharply year-on-year, paying attention to the operating level of
tire factories in the later period.
With the domestic rubber production area has been cut, the supply of raw materials began to increase, the price of glue fell, but the absolute price of Shanghai rubber is currently low, there is still strong support at the 10,000 yuan mark, it is expected that the Shanghai rubber 1609 contract will continue to operate in the short term, it is recommended to trade
in the 10200-10800 range.