Purchasing willingness is generally Shanghai rubber continues to be weak and volatile

Night trading: Shanghai rubber RU1709 contract opened at 15380 yuan / ton, the highest price was 15515 yuan / ton, the lowest price was 14710 yuan / ton, and the closing price was 14740 yuan / ton; Down 640 yuan / ton, down 4.
16%.

The opening price of the Nichijiao 1709 contract is 237.
5 yen/kg, the highest price is 237.
9 yen/kg, the lowest price is 228.
3 yen/kg, and the closing price is 229.
3 yen/kg; The trading volume was 8089 lots, and the position volume was 6968 lots
.

Domestic sales area market: Shanghai market, Yunnan 15-year full latex quotation 14300 (-100) yuan / ton; Shandong market, Yunnan 15-year full latex quotation 14300 (+100) yuan / ton; Hengshui market, 15-year Yunxiang whole milk quotation 13700 yuan / ton (0) yuan / ton, Yunnan market, 16 years private full latex offer 15000 (-200) yuan / ton
.

The warehouse receipts of natural rubber futures in the previous period increased by 180 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the previous period was reported at 290390 tons
.
Among them, Shanghai decreased by 140 tons, Yunnan decreased by 140 tons, Shandong increased by 470 tons, Tianjin decreased by 10 tons, and Hainan Ping
.

The main contract of Shanghai rubber 1709 was range-bound yesterday and fell sharply in overnight trading
.
From the 60-minute K-line chart, the K-line fell back below the moving average system, the moving average system weakened, and the technical indicator MACD green column continued; On the daily chart, the K-line fell back to the lower edge of the moving average system, and the MACD green column continued
.
The volume and position increased
.
Overall, short-term technical weakness
.

Comprehensive analysis, the main contract of Shanghai rubber fluctuated in range yesterday, and fell sharply in overnight trading
.
From the perspective of futures reflecting expectations, the rise in rubber in the early stage has fully realized the positive, market sentiment has changed, we expect 22,000 points may be the high point of the year, and the medium and long-term bearish thinking remains unchanged
.

According to the ANRPC report, in the first quarter of 2017, the output of tianjiao was 2.
499 million tons, a year-on-year increase of 2%.

Although the increase is small, the increase in the production of rubber is a positive response
of rubber farmers to the recovery of rubber prices.
In the first quarter of 2017, except for Thailand and Malaysia, which declined year-on-year, the output of most other major producing countries increased, of which Vietnam's tianjiao production increased by 21.
8%.


In the first three months of 2017, the export volume of Tianjiao was 2.
243 million tons, a year-on-year increase of 3.
4%.

Among them, the countries with year-on-year export growth were Indonesia (up 17.
7%), Vietnam (up 11.
2%), Malaysia (up 6.
6%) and Cambodia (up 43.
3%), and Thailand's exports alone fell by 9.
6%
year-on-year.

According to ANRPC estimates, the total output of tianjiao in the first half of 2017 was 4.
99 million tons, a year-on-year increase of 3.
9%; Export volume increased by 1.
5%
year-on-year.
The annual output of tianjiao increased by 4.
7% year-on-year, and the export volume increased by 0.
5%
year-on-year.

Overall, after the dumping of reserves in Thailand, the effect of the flood production reduction was weakened, and the expected increase in production throughout the year reappeared
.
On the demand side, although heavy-duty trucks are expected to maintain a high growth trend in March and April, market expectations have changed, and expectations have weakened in May and June
.
In terms of material enterprises, most of them are mainly digesting inventory, purchasing willingness is general, on-demand procurement is the mainstream, social explicit inventory is in the rising stage, we expect to continue the weak shock trend within the day, short orders can continue to hold
.