Positive factors are still strong and oscillating in Shanghai

The opening price of the Nichijiao 1609 contract was 179.
1 yen/kg, the highest price was 179.
7 yen/kg, the lowest price was 175.
6 yen/kg, and the closing price was 176.
9 yen/kg, with a volume of 7680 lots and a position of 9186 lots
.

Domestic sales area market
.
14-year state-owned full latex 10750 (0) in Shanghai; 14 years of Yunnan state-owned whole milk in Shandong 10700 (-100); The 14-year state-owned whole milk tax-free price in Hengshui was 10,600 (-100) yuan / ton, and the 15-year private full latex price in Yunnan was 10,800 (-50) yuan / ton
.

The warehouse receipts of natural rubber futures in the previous period increased by 4940 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the previous period was reported at 253720 tons
.
Among them, Shanghai decreased by 60 tons, Shandong increased by 4680 tons, Yunnan increased by 120 tons, Hainan Ping and Tianjin increased by 200 tons
.

The main contract of Shanghai rubber 1609 rose in range volatility on Friday
.
From the 60-minute K-line chart, the K-line crosses the 20-day moving average, and the technical indicators MACD and KDJ go well; On the daily chart, the K line oscillated near the short-term moving average, with obvious support below, the MACD green column continued to narrow, KDJ went well, the trading volume increased significantly, and the position decreased
slightly.

Comprehensive analysis, the bullish factor still exists, and it is not recommended to short
for the time being.
From the perspective of the late trend and the daily rubber trend, the probability of strong volatility on Friday night is greater
.
From the perspective of technical analysis, Shanghai rubber next Monday estimates that the probability of range volatility (11500-12600) is relatively large, and it is recommended to open a position on the dip and stop loss at 11500
.
In the first three months of this year, only Thailand, Cambodia and the Philippines achieved growth in the production of tianjiao; Among them, Thailand's growth rate reached 7%.

China's tianjiao production fell by 38% year-on-year, the largest decline in the country
.
The firm domestic spot will limit the pullback space
of Shanghai rubber.