Shanghai rubber warehouse reduction increase inventory still has the momentum of growth

News: 1.
As of July 2, 2018, rubber inventory in Qingdao Free Trade Zone increased by 3.
6%.

In February and May, Japan's tire production and sales showed a double weak pattern
.

In terms of spot: the quotation of 16-year state-owned whole milk (Yunxiang) in the Shanghai market was 10050 (0) yuan / ton; Vietnam 3L quotation 10450 (-100) yuan / ton; Thailand No.
3 tobacco sheet 12400 (+100) yuan / ton
.
Thai Hat Yai raw material market raw film 43.
56 (+0.
74) baht/kg; Tai San Tobacco Tablets 44.
59 (-0.
56) THB/kg; Field glue 42 (0) baht/kg; Cup glue 35.
5 (0) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 12450 (+50) yuan / ton; The market price of cis-butadiene rubber is 12500 (+100) yuan / ton
.

With the continuous increase in production, the glue in the production area has dropped
significantly.
The export restriction policies of Thailand, Malaysia and India ended, and domestic imports increased
significantly.

From the perspective of inventory, Qingdao Free Trade Zone inventory ended the destocking in the past three months, and with the gradual increase in the supply of new rubber, the inventory still has a growing momentum; And from the perspective of exchange inventory and hidden inventory, the future market is still facing greater inventory pressure
.
The main 1809 contract of Shanghai rubber is recommended to trade
in the range of 10000-10800 short-term.