Shanghai rubber position reduction increment short-term recommended range trading

News: 1.
Michelin will increase the price of
commercial tires from December 1.
2.
In the first nine months, the sales volume of Ditan tires increased by 5.
9%
year-on-year.

In terms of spot: the quotation of 17-year state-owned whole milk (Baodao) in the Shanghai market is 10300 (+100) yuan / ton; Vietnam's 3L quotation is 10450 (+50) yuan / ton; Thailand No.
3 tobacco tablets 11700 (+100) yuan/ton; Yunnan 17 years full latex 10350 (+50) yuan / ton
.
Thai Hat Yai raw material market raw film 38.
92 (-0.
07) baht/kg; Tai San tobacco tablets 39.
99 (+0.
08) baht/kg; Field glue 38 (0) baht/kg; Cup gum 33 (0) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 12100 (+100) yuan / ton; The market price of cis-butadiene rubber is 12100 (+100) yuan / ton
.
On November 6, the market inquiry enthusiasm of Qingdao Free Trade Zone was acceptable, the trading price of US dollar rubber increased by 5-10 US dollars / ton from the previous trading day, and the transaction price of RMB rubber increased by 50 yuan / ton
from the previous trading day.

In terms of inventory: futures inventory was 495810 tons, a decrease of 1890 tons
.

At present, the domestic Yunnan production area has gradually entered the suspension period, but Thailand has entered the maximum high production period, 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 not caused by demand pull, but the factor of
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
.
At the same time, the write-off of old warehouse receipts in mid-November will put pressure
on the futures price.

Downstream, the seasonal sales of tire factories tend to be better, the increase in export tax rebates for tire products and the sharp reduction of the tax rate of truck and bus tires imported from China by the European Union are beneficial to the tire industry, but the sales of domestic heavy trucks are not optimistic
.
The Shanghai rubber 1901 contract focuses on the first-line support of 11,000 yuan / ton, and it is recommended to trade
in the 11,000-11,600 range in the short term.