Shanghai rubber reduced its position and the futures price fell slightly

News: Thailand's exports of Tianjiao in January and February increased slightly by 0.
5%
year-on-year.
2.
In January, US synthetic rubber imports increased by 5.
0% year-on-year, and exports fell by 14.
2%
year-on-year.

In terms of spot: the quotation of state-owned whole milk in the Shanghai market for 16 years was 11300 (0) yuan / ton; Vietnam's 3L quotation is 11300 (0) yuan / ton; Thailand No.
3 tobacco flakes 14000 (-100) yuan / ton
.
Thai Hat Yai raw material market raw film 45.
52 (+0.
15) baht/kg; Tai San Tobacco Tablets 49 (+0.
7) THB/kg; Field glue 46.
5 (-1) baht/kg; Cup gum 36.
5 (0) 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 (0) 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.