Shanghai rubber stopped moving forward, and the late session was volatile and closed down

News: In January and March, China's imports of sky rubber and synthetic rubber increased by 32.
1%
year-on-year.
In February and February, U.
S.
tire imports from China fell by more than 20%
year-on-year.

In terms of spot: the 15-year quotation of state-owned full latex in Shanghai natural rubber market is 13650-13750 (-150/-150) yuan / ton; Vietnam's 3L quotation is 14500 (-100) yuan/ton; 15 years Thailand No.
3 tobacco tablets 14650 (-150) yuan / ton; RMB mixed rubber 14000 (+450) yuan / ton
.
Thai Hat Yai raw material market raw film 69.
02 (0) baht/kg; Tai San tobacco tablets 74.
75 (0) baht/kg; Field glue 68 (0) baht/kg; Cup glue 55 (0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 12500 (+200) yuan / ton; The market price of cis-butadiene rubber is 14200 (0) yuan / ton
.

Summary of views: At present, the semi-steel operating rate of domestic tire factories is lower than the same period last year, and the operating rate of all-steel tires is slightly higher than the same period level, and in March 2017, the domestic heavy-duty truck market sold a total of about 106,000 vehicles of various types, a significant increase of 42% over the same period last year, but an increase of 23%
month-on-month.
In March, heavy-duty truck sales hit a new high in the same period in nearly six years, indicating that downstream demand is still performing well
.

From the perspective of circulation, as of March 31, 2017, the total rubber inventory of Qingdao Bonded Bureau increased by 5.
83% compared with March 15, 2017 to 197,900 tons, an increase of 07,300 tons from the previous month, and the overall inventory was at a high level; Downstream enterprise tires were affected by environmental protection inspections, resulting in a decline in operation, which lowered downstream tire demand
.

Yunnan's partial cutting, coupled with Thailand's 107,000 tons of inventory, and no enterprise auction, all have a serious
impact on the suppression of Shanghai rubber.
In addition, the price of synthetic rubber is discounted to the price of Shanghai rubber, which has formed a certain drag
on it.
The Shanghai rubber 1709 contract focuses on support around 14300 in the short term, and it is recommended to trade
in the 14300-15400 range.