Shanghai rubber warehouse reduction and shrinkage The overall inventory pressure is obvious

News: 1.
As of October 16, 2018, the rubber inventory in Qingdao Free Trade Zone continued to be significantly adjusted
.
February and August Malaysian tianjiao production increased by 2.
9%
year-on-year.

In terms of spot: the quotation of 17-year state-owned whole milk (Baodao) in the Shanghai market is 10900 (+50) yuan / ton; Vietnam 3L quotation 10900 (0) yuan / ton; Thailand No.
3 tobacco flakes 12600 (0) yuan/ton; Yunnan 18 years full latex 11200-11400 (-200/-100) yuan / ton
.
Thai Hat Yai raw material market raw film 40.
7 (+0.
08) baht/kg; Tai San tobacco tablets 43.
1 (+0.
1) baht/kg; Field glue 41 (0) baht/kg; Cup gum 36 (-0.
5) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 12100 (0) yuan / ton; The market price of cis-butadiene rubber is 13400 (0) yuan / ton
.

On the 16th, the enthusiasm of traders in Qingdao Free Trade Zone was acceptable, the enthusiasm of the offer in the intraday stage was raised, the enthusiasm of inquiry was acceptable, the difference between the trading price of Thai mixed and Thai standard narrowed, and the transaction price fell steadily overall
.
The transaction price is as follows: Thai standard: near port 1340 US dollars / ton, stable
.
Thai mix: near the port of 1335 US dollars / ton, down 5 US dollars / ton
.
Horse mix: spot 1310 US dollars / ton, down 10 US dollars / ton
.
RMB Thai mix: old goods 10500-10550 yuan / ton, down 100 yuan / ton; New spot 10600 yuan / ton, down 100 yuan / ton; At the end of October, it was 10,650 yuan / ton, down 100 yuan / ton; 10,700 yuan / ton in November, down 100 yuan / ton; In December, it was 10,800 yuan / ton, down 100 yuan / ton
.

Inventories: futures inventories were 518,580 tons, an increase of 1,150 tons
.

At present, 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 understood that there are factors
such as centralized outbound and 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
.

Downstream, the seasonal sales of tire factories tend to be better, and the increase in export tax rebates of tire products is beneficial to the tire industry, but the sales of heavy trucks are not optimistic
.
The short-term recommendation of the Shanghai rubber 1901 contract is to operate
in the 12000-12800 range.