Shanghai rubber rebounded and closed slightly higher

News: 1.
Thai rubber farmers asked the rubber administration officials to resign.

February and October new vehicle sales in Europe increased by 5.
9%
y/y.

In terms of spot: the 15-year quotation of state-owned whole milk in the Shanghai market was 11750 (0) yuan / ton; Vietnam 3L quotation 12000 (-200) yuan / ton; 15 years Thailand No.
3 tobacco tablets 13950 (+50) yuan / ton
.
Thai Hat Yai raw material market raw film 41.
49 (-0.
28) baht/kg; Tai San tobacco tablets 44.
49 (-1.
55) baht/kg; Field glue 40.
5 (-1) baht/kg; Cup gum 34.
25 (-0.
25) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 14000 (0) yuan / ton; The market price of cis-butadiene rubber is 12000 (-300) yuan / ton
.

From the perspective of inventory, the inventory of Qingdao Free Trade Zone continues to grow, reflecting that the current domestic supply and demand situation has not been significantly improved
.
The monthly sales data of domestic heavy-duty trucks fell month-on-month, indicating that terminal demand has weakened
.

From the downstream situation, the impact of environmental protection on the tire industry has weakened, and domestic all-steel tires have risen slightly month-on-month, but they still decreased year-on-year, indicating that the overall demand is still not optimistic
.
The short-term recommendation of the main 1801 contract of Shanghai rubber is to wait and see or take a bearish idea
.