Rubber rebound under pressure Futures prices closed slightly lower

News: 1.
China's imports of natural and synthetic rubber (including latex) in September increased by 1.
5%
month-on-month.
2.
In the first 8 months of 2019, Indonesia exported a total of 2.
05 million tons of natural rubber, down 12.
8%
year-on-year.
3.
China Association of Automobile Manufacturers: China's automobile sales in September increased by 16%
month-on-month.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 10900 (-50) yuan / ton; Vietnam 3L quotation 11150 (-50) yuan / ton; Thai No.
3 tobacco flakes 13650 (-50) yuan/ton; Yunnan 18 years full latex 10900 (+0) yuan / ton
.
Thai Hat Yai raw material market raw film 37.
16 (+0.
45) baht/kg; Tai San tobacco tablets 39.
79 (+0.
4) baht/kg; field glue 36.
2 (+0.
2) baht/kg; 30.
5 (+0.
25) THB/kg
.
SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1335 (+10) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1330 (+0) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1345 (+10) US dollars / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10700 (+0) yuan / ton; The market price of cis-butadiene rubber is 11700 (-300) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 408770 tons, +1260 tons; NR warehouse receipt 0 tons
.
Main positions: RU2001 Top 20 long positions 76929, +1993; short positions 112659, +1051
.
Long and short increase together, headroom decreases
.

Summary: At present, domestic and foreign production areas are in the rubber tapping period, the supply of Southeast Asia has increased significantly, and the price of raw materials is lower than the same period
of previous years.
After the holiday, the operating rate of Shandong tire enterprises increased, with 54.
52% of semi-steel tires starting last week, up 13.
65% from the previous month; All-steel tires started 56.
35%, up 18.
77%
month-on-month.
Affected by the suspension of business by a domestic trading enterprise, downstream tire companies have the demand to replenish inventory, and domestic inventory has decreased
significantly.
According to Longzhong statistics, as of October 7, the bonded inventory of natural rubber and general trade inventory in Qingdao have fallen sharply, and the pressure on circulation has weakened
.
At the same time, in terms of the terminal market, affected by the Wuxi viaduct incident, the domestic control of overload and overrun will be more stringent, or drive the increase
in sales of heavy trucks.
Technically, the RU2001 contract price fell back under pressure around 11700, focusing on the support around 11400 below, and it is recommended to trade in the 11400-11700 range in the short term; The NR2002 contract focuses on support around 9750, and short-term recommendations are to trade
in the 9750-9900 range.