Shanghai rubber increased its position and the futures price closed higher

News: 1.
As of September 17, 2018, rubber stocks in Qingdao Free Trade Zone fell by 3% to 210,000 tons
.
February and August, South Korea's synthetic rubber exports increased by 0.
9% year-on-year, and imports fell by 15.
3%.

In terms of spot: the quotation of 17-year state-owned whole milk (Baodao) in the Shanghai market is 10800 (+200) yuan / ton; Vietnam 3L quotation 10800 (+150) yuan / ton; Thai No.
3 tobacco tablets 12700 (+300) yuan/ton; Yunnan 18 years full latex 10850 (+100).

Thai Hat Yai raw material market raw film 41.
1 (+0.
22) baht/kg; Tai San Tobacco Tablets 42.
09 (0) THB/kg; field glue 41 (+0.
5) baht/kg; Cup glue 36 (0) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 12900 (-100) yuan / ton; The market price of cis-butadiene rubber is 14750 (-50) yuan / ton
.

On the 19th, the enthusiasm of traders in Qingdao Free Trade Zone was acceptable, the enthusiasm of intraday shipments was low, the enthusiasm for inquiry did not improve significantly, and the overall transaction price was narrow.

The transaction price is as follows: Thai standard near port 1340 US dollars / ton, stable; In November, it was $1360/ton, down $5/ton
.
At the end of September, 1340 US dollars / ton, up 10 US dollars / ton; 1345 US dollars / ton in October, down 5 US dollars / ton; 1360 US dollars / ton in November, stable; 1370 US dollars / ton in December, stable
.
1340-1350 US dollars / ton in October; November 1360 / ton
.
Printing and mixing November 1340-1345 US dollars / ton
.
RMB Thai mixed old goods 10400-10500 yuan / ton, stable; The spot of new goods is 10550-10600 yuan / ton, stable; 10,700 yuan / ton in October, stable; In November, 10,800 yuan / ton remained stable
.

Inventories: futures inventories were 513,230 tons, down 530 tons
.

At present, the overall climate in the production area is relatively normal, and Thailand's exports continue to increase
.
Although the inventory of Qingdao Free Trade Zone has decreased recently, it is still at a high level
overall, plus the inventory of the previous period, outside the area and Yunnan production area.

From a downstream point of view, Shandong tire enterprises have basically resumed production, and the all-steel operating rate last week showed an increase year-on-year; Although the operating rate of semi-steel tires increased significantly month-on-month, it decreased year-on-year
.
However, 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.