Shanghai rubber increased its position and the futures price closed higher

News: 1.
Vietnam's natural rubber exports in the first 11 months increased by 14.
8% year-on-year, and exports to China were 920,000 tons
.
2.
Malaysia's natural rubber production fell in October, and exports increased
year-on-year.

In terms of spot: the 17-year quotation of state-owned whole milk (Yunxiang) in the Shanghai market is 10700 (+100) yuan / ton; Vietnam 3L quotation 10500 (+150) yuan / ton; Thailand No.
3 tobacco tablets 12150 (+100) yuan/ton; Yunnan 17 years full latex 10300 (0) yuan / ton
.
Thai Hat Yai raw material market raw film 40.
2 (+0.
99) baht/kg; Tai San Tobacco Tablets 43.
19 (+0.
98) THB/kg; Field glue 37.
5 (0) baht/kg; Cup glue 34 (+1) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11700 (0) yuan / ton; The market price of cis-butadiene rubber is 11600 (-150) yuan / ton
.
On December 17, the market offer enthusiasm of Qingdao Free Trade Zone was acceptable, the enthusiasm of inquiry was acceptable, the transaction price of US dollar rubber rose steadily, and the transaction price of RMB rubber rose in price
.

Although the domestic natural rubber production areas have entered a period of reduction as a whole, the main producing areas of Southeast Asian rubber have entered the peak season of rubber tapping, and this year's global production of sky rubber will still maintain a growth momentum, and the future supply pressure is still large
.

Downstream, the seasonal sales of tire factories tend to be better, and the increase in export tax rebates of tire products is beneficial to the tire industry, but the sales of domestic heavy trucks are not optimistic
.
However, at present, the price of Shanghai rubber is close to the domestic rubber tapping cost line, and the futures price has limited room for decline, and the short-term Shanghai rubber 1905 contract is recommended to trade
in the range of 11300-11700.