Shanghai Rubber mainly reduced its position and increased its futures price slightly higher

News: 1.
As of October 16, 2018, the rubber inventory in Qingdao Free Trade Zone continued to be significantly adjusted
.
In February and September, Thailand's exports of natural rubber and mixed rubber fell
year-on-month.

In terms of spot: the quotation of 17-year state-owned whole milk (Baodao) in the Shanghai market is 10750 (+100) yuan / ton; Vietnam 3L quotation 10850 (+150) yuan / ton; Thai No.
3 tobacco tablets 12450 (+150) yuan/ton; Yunnan 18 years private full latex 11000 (+200) yuan / ton
.
Thai Hat Yai raw material market raw film 40.
43 (-0.
08) baht/kg; Tai San tobacco tablets 42.
5 (-0.
08) baht/kg; Field glue 39.
5 (-1) baht/kg; Cup glue 35.
5 (0) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 12300 (0) yuan / ton; The market price of cis-butadiene rubber is 13000 (-100) yuan / ton
.

On the 19th, the offer of the natural rubber market in Qingdao Free Trade Zone was basically stable, but the inquiry price was generally low, the buyer and seller gamed, the transaction was less, and the terminal factory inquiry was still not much, mainly for replacement, and the transaction of US dollar rubber was still difficult
.
The transaction price is as follows: Thai standard: spot transaction price 1340 US dollars / ton; The transaction price in October was 1330 US dollars / ton
.
Ma Biao: The transaction price in October was 1330 US dollars / ton
.
Thai mix: The transaction price in October was 1330 US dollars / ton
.
RMB Thai mix: the transaction price of old goods is 10500-10550 yuan / ton; The spot transaction price in July and August was 10,600 yuan / ton; The spot trading price from September to October was 10,650 yuan / ton; In December, the transaction price of cargo was 10,800 yuan / ton
.

Inventories: futures inventories were 513,850 tons, down 1,150 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, and the increase in export tax rebates of tire products is beneficial to the tire industry, but the sales of heavy trucks are not optimistic
.
The short-term recommendation for the Shanghai rubber 1901 contract is to operate
in the 11800-12500 range.