The Fed lowers interest rate cut expectations Shanghai rubber may continue to be strong

The Shanghai market heard that the 14-year quotation of Yunnan state-owned whole milk was 10700 yuan / ton (-0), Qingdao RMB compound rubber and mixed rubber 9700-9900 yuan / ton (+100), Thailand 3# tobacco flakes 11400-11500 yuan / ton (-0).

Free Trade Zone, Thailand 3# tobacco tablets 1430-1450 (+50), Thai Malaysia standard 20# spot quotation at 1220-1230 US dollars / ton (+10).

According to the latest ANRPC report, China's tianjiao production will fall by 0.
5% to 790,000 tons in 2016
.
The report also pointed out that the production of tianjiao in 2015 fell by 5.
5%
year-on-year.
In addition, ANRPC estimates that China's imports of sky rubber (including mixed rubber) will decline by 3.
9% this year, and it is expected that consumption will increase slightly by 0.
6%
for the whole year.
In the first two months of 2016, the production of tianjiao increased slightly by 0.
3%
year-on-year.
Among them, Thailand's production increased by 3%; In addition, Sri Lanka, Cambodia and the Philippines all have increased to
varying degrees.

The latest statistics show that as of mid-March 2016, rubber stocks in the Qingdao Free Trade Zone fell by 2.
1% to 265,800 tons
.
In terms of specific inventory types, the decline in inventory is mainly due to
the decrease in the inventory of synthetic rubber and composite rubber.
In addition, the stocks of mixed rubber, benzene-butadiene and cis-butadiene gum also decreased to varying degrees; Stocks of tobacco chips were little changed
.

China's rubber imports: China imported 310,000 tonnes of natural and synthetic rubber in February 2016, down 32.
6%
from 460,000 tonnes in January, according to preliminary data released by the General Administration of Customs.
Since the beginning of 2016, rubber imports have totaled 770,000 tons, an increase of 24.
2%
year-on-year.

In January 2016, China's tire exports fell by more than 14%
year-on-year.
In February 2016, South Korea's exports of synthetic rubber to China fell by 26%.

Qingdao Free Trade Zone US dollar plate market quotation is higher, especially tobacco film rubber rose more, rumors that Thailand's Hat Yai market is collecting tobacco film
.
The Federal Reserve announced in the early morning of March 17 Beijing time that it would keep interest rates unchanged and cut its interest rate expectations, and US oil prices jumped nearly 6%
on Wednesday.
Low-cost funds are generally good for the commodity market, overnight commodities generally rose, Shanghai rubber jumped 2.
92%, it is expected that Shanghai rubber or continue to be
strong today.