The Shanghai rubber market is under pressure at the 10,000 threshold

Spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 12150 (+50) yuan / ton; Vietnam's 3L quotation is at 12800 (0) yuan / ton; Thailand No.
3 tobacco tablets 13200 (0) yuan/ton; RMB mixed rubber 11600-11700 (+100/+200) yuan/ton
.
Thai Hat Yai raw material market raw film 60.
59 (+0.
44) baht/kg; Tai San Tobacco Tablets 64.
79 (-0.
46) Baht/kg; Field glue 61.
5 (-0.
5) baht/kg; Cup glue 49 (-1) baht/kg
.
Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 12500 yuan / ton (0), cis-butadiene rubber market price 11600 yuan / ton (0).

News: 1.
Rubber prices rebounded, and Cambodian rubber farmers increased their enthusiasm for rubber tapping
.
2.
In March 2016, South Korea's synthetic rubber production increased by 5.
8%.

3.
South Korea's tire production fell by 2.
7%
in the first quarter of this year.

At present, the inventory of Qingdao Free Trade Zone is still declining, but the decline has narrowed
.
Downstream tire factories have been compressed due to the rise in raw material prices, and the operating rate of semi-steel tires has declined
.

Localized rainfall in Thailand, slight easing of dry weather, and partial decline in Hat Yai raw material market prices
.
In May, with the domestic rubber production area being cut one after another, the supply and demand of raw materials is tight or eased
.
Today's Shanghai rubber 1609 contract price was blocked from falling back at the 10,000 mark, but the 20-day moving average support is better, and short-term it is recommended to trade
in the 12500-13000 range.