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On Wednesday, the Shanghai rubber market opened slightly higher, briefly soared higher during the session, and then fell sharply due to the collapse of the black series
.
The main 1609 contract of Shanghai rubber closed at 12945 yuan / ton, down 0.
73%, increasing its position by 4234 lots and trading 989580 lots
.
Spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 12400-12450 (+50/0) yuan / ton; Vietnam's 3L quotation is 13000-13050 (-100/-50) yuan/ton; Thailand No.
3 tobacco flakes 13600 (0) yuan / ton
.
Thai Hat Yai raw material market raw film 60.
15 (+0.
68) baht/kg; Tai San tobacco tablets 64.
01 (+0.
8) baht/kg; field glue 62 (+1) baht/kg; Cup glue 50 (+0.
5) baht/kg
.
Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 12700 yuan / ton (-50), cis-butadiene rubber market price 11800 yuan / ton (0).
News: 1.
Thai Customs: rubber exports in March 2016 fell by 7% year-on-year; 2.
Mexico's automobile production fell 11% in March, while exports climbed 14%.
Thailand's government procurement of tobacco tablets and Indonesia's storage and storage pushed up overseas raw material prices, while Qingdao Free Trade Zone inventory is still declining, and the operating rate of downstream tire factories has continued to rise, but with the rise in raw material prices, tire factory profits are compressed, and the market needs to pay attention to the operating rate
.
In addition, the domestic rubber production areas have been cut one after another, and the Yunnan production area has ushered in a full cut, and the supply and demand of raw materials are tight or alleviated
.
Affected by the risk control of the exchange, the black series returned to weakness, and the Shanghai rubber 1609 contract fluctuated around the 13000 mark, paying attention to the surrounding market conditions in the short term, and it is recommended to trade
within the 12500-13100 range.