Terminal demand is good, and the support under Shanghai rubber is strong

Spot: yesterday's full latex (15 years) Shanghai quotation was 16250 yuan / ton (-250, daily rise and fall, the same below), and the basis of the near month -995 yuan / ton; Thailand RSS3 Shanghai market quotation 17450 yuan / ton (including 17% tax) (-300).

The spot market was highly active on the day, and the price fell
slightly.
On the same day, Hat Yai raw material market in Thailand raw film 72.
17 baht/kg (-0.
4), Thai 3 tobacco film 75.
5 baht/kg (+0.
21), field glue 69.
5 baht/kg (+1), cup glue 62.
5 baht/kg (-0.
5).

Raw material prices were slightly adjusted
on the day.

In terms of synthetic rubber prices: yesterday, the market price of Qilu petrochemical styrene-butadiene rubber 1502 was 18100 yuan / ton (flat), and the market price of Gaoqiao cis-butadiene rubber BR9000 was 20400 yuan / ton (flat).

The price of synthetic rubber remained stable
on the day.

Industry chain news: ANRPC in the first two months of 2017 tianjiao production -2.
2%, export +3%.

On the whole, the recovery of oil prices has stopped the price of synthetic rubber and stabilized, coupled with the expected improvement of terminal demand, the support below Shanghai rubber is strong, but the supply side is temporarily not driven, and the last batch of 125,000 tons of rubber in Thailand will be auctioned on March 21-22.

Shanghai rubber RU1709 is held in the air, and the new single is wait-and-see
.