Rubber rushed back down and prices rose slightly at the end of the day

News: 1.
According to Longzhong Information, the preliminary value of natural rubber imports in August 2019 was 430,000 tons, down 1.
62% month-on-month and 14.
02% year-on-year, and the cumulative import volume from January to August 2019 was 3.
2915 million tons, down 8.
23%
year-on-year.
2.
In July 2019, Malaysia's tianjiao production increased
year-on-year.
3.
The export volume of natural rubber from January to July in Côte d'Ivoire increased by 12%
year-on-year.

Market quotation: the 17-year quotation of state-owned whole milk (Yunxiang) in the Shanghai market is 11300 (+50) yuan / ton; Vietnam's 3L quotation is 11350 (+0) yuan / ton; Thai No.
3 tobacco tablets 13750 (+0) yuan/ton; Yunnan 18 years full latex 11100 (+0) yuan / ton
.
The purchase price of natural rubber fresh glue and dry rubber of Hainan State-owned Rubber Processing Plant remained stable at 10,500 yuan / ton
.
Thai Hat Yai raw material market raw film 40.
2 (+0.
32) baht/kg; Tai San tobacco tablets 42.
39 (+0.
14) baht/kg; field glue 40 (+0.
1) baht/kg; Cup glue 33.
75 (+0.
25) baht/kg
.
SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1340 (+0) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1340 (+5) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1350 (+0) 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 11300 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 428820 tons, -230 tons; NR warehouse receipt 0 tons
.
Main positions: RU2001 Top 20 long positions 83356, +1610; short positions 122288, +915
.
Long and short increase together, headroom decreases
.

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, in order to ensure the "parade blue" in September, the operating rate in Shandong may decline, and there is still no bright spot on the demand side
.
The exchange rate factors in the early stage increased the import cost of natural rubber, which in turn promoted the strength of rubber prices, but the recent exchange rate has decreased slightly, and the current rubber tapping season is still facing an oversupply situation, and the rebound of futures prices is weak
.
Technically, the RU2001 contract was affected by the surrounding market for a rapid rise, but the rebound momentum was insufficient, the futures price fluctuated at a high level, and the support around 11900 below was concerned, and it was recommended to trade in the 11900-12200 range in the short term; The NR2002 contract followed the Shanghai rubber rush back down, the trading volume has not been significantly amplified, and it is recommended to trade
in the 10000-10400 range in the short term.