Rubber downward rebounded and closed slightly lower at the end of the day

News: 1.
According to Longzhong Information, the start of semi-steel tires this week was 67.
35%, up 1.
39% month-on-month and 5.
35% year-on-year; All-steel tires started 69.
96% this week, up 1.
58% month-on-month and down 0.
84%
year-on-year.
2.
In July 2019, Malaysia's tianjiao production increased
year-on-year.
In March and August, the heavy-duty truck industry rose by 2%, and XCMG heavy-duty trucks increased first
.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 10900 (-200) yuan / ton; Vietnam 3L quotation 11100 (-100) yuan / ton; Thailand No.
3 tobacco tablets 13400 (-100) yuan/ton; Yunnan 18 years full latex 10850 (-100) yuan / ton
.
The purchase price of natural rubber fresh glue and dry rubber of Hainan State-owned Rubber Processing Plant remained stable at 10,800 yuan / ton
.
Thai Hat Yai raw material market raw film 39.
47 (-0.
16) baht/kg; Tai San tobacco tablets 40.
67 (-0.
84) baht/kg; field glue 40 (+0) baht/kg; Cup gum 33.
5 (+0) baht/kg
.
SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1345 (+0) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1345 (+0) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse price increase of 1355 (+0) US dollars / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11100 (+300) yuan / ton; The market price of cis-butadiene rubber is 12000 (+500) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 411250 tons, -16890 tons; NR warehouse receipt 0 tons
.
Main positions: RU2001 top 20 long positions 78468, +1012; short positions 113774, -2716
.
Increase and reduce airspace, reduce
headroom.

Summary: At present, domestic and foreign production areas are in the rubber tapping period, and the weather in Southeast Asia is better, and the supply will increase significantly in the later period
.
On the demand side, the start of semi-steel tire and all-steel tire manufacturers rose slightly this week, but environmental protection factors before the National Day made some factories in Shandong region expect to stop production and limit production, and the overall start of tire manufacturers will decline slightly
.
At present, the rubber tapping season is still facing an oversupply situation, and the rebound of futures prices is weak
.
However, the recent strong performance of synthetic rubber due to the sharp rise in butadiene prices has supported Shanghai rubber
.
Technically, the RU2001 contract price has rebounded downward, and the support around 11800 below is better, but there is a certain pressure on the futures price around 11950 above, and short-term oscillation ideas are recommended
.