Shanghai rubber low open operation recommended range trading

News: 1.
The United States canceled the double-reverse investigation
of Chinese truck and bus tires.
2.
On March 7-8, 2017, Thailand's fourth reserve auction
.

Spot: the 15-year quotation of state-owned whole milk in Shanghai natural rubber market is 17500-17600 (-900/-900) yuan / ton; Vietnam's 3L quotation is 17900 (-700) yuan/ton; 15 years Thailand No.
3 tobacco flakes 18800 (-1100) yuan/ton; RMB mixed rubber 18000 (-600) yuan / ton
.
Thai Hat Yai raw material market raw film 76.
12 (-5.
23) baht/kg; Tai San tobacco tablets 78.
91 (-2.
98) baht/kg; Field glue 71 (-1.
5) baht/kg; Cup glue 65 (-3.
5) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 20000 (-1000) yuan / ton; The market price of cis-butadiene rubber is 23000 (-300) yuan / ton
.

At present, the operating rate of all-steel and semi-steel of domestic tire factories is higher than the same period last year, and the domestic heavy-duty truck market sold a total of 82,000 vehicles in January 2017, an increase of 122% over the same period last year of 36,800 units, but an increase of 9%
month-on-month.
It shows that the overall demand for rubber downstream remains good
.

From the perspective of circulation, as of mid-February 2017, rubber stocks in Qingdao Free Trade Zone rose by about 29%, exceeding 150,000 tons
.
The recent downward price adjustment of synthetic rubber has caused a certain drag
on the price of Shanghai rubber.
The Shanghai rubber 1705 contract focuses on support around 18100 in the short term, and it is recommended to trade
in the 18100-19600 range.