Shanghai rubber increased its position and contracted the futures price closed down

News: 1.
ANRPC: In the first nine months, the production and sales of tianjiao were booming, and the exports of member countries fell by 2.
2%.

2.
The EU has significantly reduced the tax rate
of truck and bus tires imported from China.

In terms of spot: the quotation of 17-year state-owned whole milk (Baodao) in the Shanghai market was 10700 (-50) yuan / ton; Vietnam 3L quotation 10800 (-50) yuan / ton; Thailand No.
3 tobacco tablets 12400 (-50) yuan/ton; Yunnan 17 years full latex 10750-10800 (-50/-50) yuan / ton
.
Thailand Hat Yai raw material market is closed due to the Thai public holiday Chulalongkorn Day, raw materials are not quoted
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 12400 (+100) yuan / ton; The market price of cis-butadiene rubber is 12900 (-100) yuan / ton
.

On the 22nd, the overall offer enthusiasm of the Qingdao Free Trade Zone market was high, but the enthusiasm for inquiry was still not high, the inquiry situation was still mainly based on replacement, and the counteroffer price was low, resulting in a relatively light transaction atmosphere and a basically stable
transaction price.
The transaction price is as follows: Thai standard: 1320 US dollars / ton in Hong Kong recently; Near the port 1330-1335 US dollars / ton, up 0-5 US dollars / ton
.
Thai mix: 1325 US dollars / ton
in Hong Kong.
Horse label: 1340 US dollars / ton
in December.
RMB Thai mix: old goods 10550-10600 yuan / ton, stable; The spot of new goods was 10,650 yuan / ton, which remained stable; 10700 yuan/ton in November; 10,800 yuan / ton in December, stable; January 10900 yuan / ton
.

Inventories: futures inventories were 513,830 tons, down 20 tons
.

At present, the overall climate of the production area is relatively normal, and in the intermediate circulation link, although the inventory of Qingdao Free Trade Zone has dropped significantly, 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
.

Downstream, the seasonal sales of tire factories tend to be better, the increase in export tax rebates for tire products and the sharp reduction of the tax rate of truck and bus tires imported from China by the European Union are beneficial to the tire industry, but the sales of domestic heavy trucks are not optimistic
.
The short-term recommendation for the Shanghai rubber 1901 contract is to operate
in the 11800-12500 range.