Rubber rebound weakened 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 (+0) yuan / ton; Vietnam 3L quotation 11100 (-50) yuan / ton; Thailand No.
3 tobacco tablets 13600 (-50) yuan/ton; Yunnan 18 years full latex 11000 (-50) yuan / ton
.
Thai Hat Yai raw material market raw film 36.
89 (-0.
27) baht/kg; Tai San tobacco tablets 39.
83 (+0.
04) baht/kg; Field glue 36.
2 (+0) baht/kg; 30.
5 (+0) THB/kg
.
SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1325 (-10) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1320 (-10) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1335 (-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 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 409240 tons, +470 tons; NR warehouse receipt 0 tons
.
Main positions: RU2001 top 20 long positions 75703, -1087; short positions 111543, -885
.
Long and short are reduced at the same time, and headroom is increased
.

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, affected by the suspension of business of a domestic trading enterprise, downstream tire enterprises had a demand for replenishment of inventory, and domestic inventory decreased
significantly.
According to Longzhong statistics, since October, Qingdao's natural rubber bonded inventory and general trade inventory 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 is under pressure around 11700, focusing on the support around 11400 below, and short-term it is recommended to trade in the 11400-11700 range; The NR2002 contract focuses on support around 9750, and short-term recommendations are to trade
in the 9750-9900 range.