Shanghai rubber contract increased its position and the futures price closed slightly higher

News: 1.
As of September 30, 2018, rubber stocks in Qingdao Free Trade Zone fell by 23%.

2.
Racing will become Cooper's joint venture partner
.

Spot: the quotation of 17-year state-owned whole milk (Baodao) in the Shanghai market was 10800 (-50) yuan / ton; Vietnam 3L quotation 10850 (-50) yuan / ton; Thailand No.
3 tobacco flakes 12550 (-50) yuan/ton; Yunnan 18 years full latex 11300-11400 (+200/+200) yuan / ton
.
Thai Hat Yai raw material market raw film 40.
25 (-0.
18) baht/kg; Tai San Tobacco Tablets 42.
59 (+0.
08) THB/kg; Field glue 40.
5 (0) baht/kg; Cup gum 36.
5 (+0.
5) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 12800 (-100) yuan / ton; The market price of cis-butadiene rubber is 14400 (-200) yuan / ton
.

Before the holiday, traders in Qingdao Free Trade Zone had little enthusiasm for offering, low enthusiasm for intraday shipments, little enthusiasm for inquiry, and overall narrow trading prices
.
The transaction price is as follows: Thai mix heard that the low price traded at 1315 US dollars / ton; In October, it was $1360/ton, up $5/ton
.
Horse mixed spot 1335 US dollars / ton
.
RMB Thai mixed new stock spot 10,750 yuan / ton, stable; 10800-10850 yuan / ton in October, stable; In November, 10900-10950 yuan / ton, stable
.

In terms of inventory: futures inventory was 519,750 tons, a decrease of 1,060 tons
.

At present, the overall climate of the production area is relatively normal, and in the intermediate circulation link, although the latest statistics of Qingdao Free Trade Zone show a sharp decline in inventory, it is understood that there are factors
such as centralized outbound and statistical caliber adjustment.
In addition, the inventory of the previous period, outside the region and Yunnan production area is still at a high level, and the overall inventory pressure is still obvious
.

From a downstream point of view, the seasonal sales of tire factories tend to be better
.
The recent strong performance of synthetic rubber prices has supported the futures price of Shanghai rubber, and the short-term Shanghai rubber 1901 contract is recommended to operate
in the 12000-12800 range.