The Shanghai rubber market rebounded and closed slightly higher

Recently, the Fed's successive hawkish comments have sharply increased investors' attention to the US non-farm payrolls data for August, and US interest rate hike expectations have also strengthened
.
However, with the release of the US non-farm payrolls data on Friday, the biased employment data not only weakened the possibility of a rate hike in September, but also eased the sensitive nerves
of the commodity futures market.
It can be seen that the number of new non-farm payrolls in the United States in August was only 151,000, lower than the expected 180,000 and even less than the previous value of 255,000
.
Meanwhile, the US unemployment rate was 4.
9% in August, also worse than the expected 4.
8%.

In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10400 (-50) yuan / ton; Vietnam 3L quotation 10600-10700 (0/0) yuan / ton; 15 years Thailand No.
3 tobacco tablets 12500 (-100) yuan / ton; RMB mixed rubber 10600-10700 (0/+100) yuan / ton
.
Thai Hat Yai raw material market raw film 50.
6 (-0.
47) baht/kg; Tai San Tobacco Tablets 52.
15 (-0.
88) THB/kg; Field glue 48.
5 (-0.
5) baht/kg ; Cup glue 41 (+0.
5) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 10800 yuan / ton (0); The market price of cis-butadiene rubber is 11350 yuan/ton (+300).

With the arrival of the terminal consumption season, domestic tire companies have an increasing demand for raw materials for tianjiao
.
It is understood that since the end of July, the procurement of tire factories in Shandong has mainly selected spot goods in Qingdao Free Trade Zone, which has shown a rapid downward
trend in rubber stocks in the free trade zone.
According to statistics, as of the end of August, the total rubber inventory in the bonded zone fell to 117,000 tons, a decrease of 25.
24% month-on-month, and a net decrease of 39,500 tons
.
Among them, the inventory of tianjiao fell to 76,000 tons, down 31.
03%, a net decrease of 34,200 tons
.
It can be seen that the decline in inventory is basically caused
by the purchase of tianjiao by tire companies.

Today's Shanghai rubber 1701 contract downward to rise, short-term moving average to the futures price support, the future market will continue to challenge the medium and long-term average upward, it is recommended to trade
in the 12450-12800 range.