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Shanghai Rubber Reduction Period Price Drop
Jan 26, 2018

Wednesday, Shanghai Rubber Main 1805 contract reduction, period price fall. When the date is closed at 13775 yuan/ton, down 1.04%, lighten 5060 hands, deal 266134 hands.


News: 1, 2017 Thailand natural rubber, mixed plastic exports amounted to 4.853 million tons, increased by 12.9% per cent. 2, sales of 296,400 vehicles, 2017 North America heavy cards ushered in the outbreak.


Spot: The Shanghai market 16 state-owned milk quotes in 12000 (-150) yuan/ton, Vietnam 3L quote 12000 (-100) yuan/ton, Thailand 3rd smoke film 14350 (-250) yuan/ton. Thailand Yai Raw Materials Market film 44.01 (-0.87) Baht/kg, Thai three smoke tablets 47.79 (0) Baht/kg; field glue 44.5 (0) Baht/kg; cup gum 37.5 (-0.5) Baht/kg.


Synthetic glue: East China Gross petrochemical benzene rubber 1502 Market price 13600 (0) yuan/ton; BR Market price 12650 (0) yuan/ton.


From the inventory situation, Qingdao bonded area inventory continues to grow, reflecting the current domestic supply and demand situation has not been significantly improved.


From the downstream point of view, last week, tire factory full steel tires and half steel tire start rate has been warmer, but carbon black, chemical additives, steel wire, cord and other raw materials prices rose sharply, heating season environmental protection supervision increased pressure, as well as some areas began to levy environmental taxes and other comprehensive factors, all of the recent tire factory start has a direct impact, Shanghai Rubber Main 1805 contract short-term recommendations for the operation of the concept of empty.


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