Shanghai rubber position reduction and shrinkage It is recommended to trade in the range

News: 1.
In January 2018, U.
S.
tire imports fell by 3.
1% year-on-year, and imports from China decreased by 9.
6%
year-on-year.
February and January imports from the United States increased by 5.
6%
year-on-year.

Spot: the quotation of state-owned whole milk in the Shanghai market for 16 years was 11300 (-100) yuan / ton; Vietnam's 3L quotation is 11300 (-100) yuan / ton; Thailand No.
3 tobacco tablets 14100 (0) yuan / ton
.
Thai Hat Yai raw material market raw film 45.
47 (-0.
19) baht/kg; Tai San tobacco tablets 48.
3 (-0.
4) baht/kg; field glue 47.
5 (-0.
5) baht/kg; Cup glue 36.
5 (-0.
5) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 12100 (0) yuan / ton; The market price of cis-butadiene rubber is 12000 (-100) yuan / ton
.

From the perspective of inventory, the inventory of Qingdao Free Trade Zone has declined, indicating that domestic spot began to destock during the shutdown period, and follow-up attention can be paid to whether inventory can continue to decline
.

From the downstream situation, the operating rate of tire factories has increased recently, but the price of raw materials such as carbon black, chemical additives, steel wire, cord and other raw materials has risen sharply, as well as under high pressure of environmental protection, all of which have a direct impact
on the operation of tire factories.
The Shanghai rubber 1805 contract is recommended to trade
in the 12000-12700 range for short term.