Shanghai rubber reduced its position higher, and the transaction increased

News: In January and September, US natural rubber imports increased by 17.
2%
year-on-year.
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 is 12200 (+350) yuan / ton; Vietnam 3L quotation 12500 (+500) yuan / ton; 15 years Thailand No.
3 tobacco flakes 14300 (+350) yuan / ton
.
Thai Hat Yai raw material market raw film 42.
3 (+0.
31) baht/kg; Tai San tobacco tablets 45.
15 (+0.
69) baht/kg; Field glue 40.
5 (0) baht/kg; Cup gum 34.
5 (+0.
25) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 13900 (0) yuan / ton; The market price of cis-butadiene rubber is 11900 (0) 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
for the time being.