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On Monday, the Shanghai rubber market opened low and went higher, closing slightly higher
.
The main 1609 contract of Shanghai rubber closed at 10535 yuan / ton, up 0.
81%, increasing its position by 8186 lots and trading 538800 lots
.
In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10200 (+150) yuan / ton; Vietnam's 3L quotation is at 10500 (+100) yuan / ton; 15 years Thailand No.
3 smoke 11800 (+100) yuan / ton; RMB mixed rubber 9800 (0) yuan / ton
.
Thai Hat Yai raw material market raw film 52.
63 (-0.
9) baht/kg; Tai San Tobacco Tablets 52.
01 (-1.
88) THB/kg; Field glue 46 (-3.
5) baht/kg; Cup glue 37 (-2) baht/kg
.
News: 1.
U.
S.
Tire may make an emergency ruling
on China.
2.
May sales of light vehicles in Brazil decreased by 21% y/y and passenger car sales by 22%.
In May, imported rubber maintained year-on-year growth, 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 successive cutting of domestic rubber production areas, the supply of raw materials began to increase, but due to the impact of dry weather in the early stage, the supply of production areas has not yet increased
.
Today's Shanghai rubber 1609 contract closed slightly higher, focusing on the pressure around 10600, short-term recommendation to trade
in the 10300-10800 range.
