Shanghai rubber closed slightly higher, and the supply pressure is still obvious

In terms of news, 1.
ANRPC: In 2019, the natural rubber planting area and rubber tapping area maintained growth, and the yield declined
.
2.
ANRPC: Thailand has limited supply, and global natural rubber production in January fell 10.
1%
year-on-year.
In March and March, sales of heavy-duty trucks exceeded a record high of 140,000 units
.

In terms of market, the 17-year quotation of state-owned whole milk (Yunxiang) in the Shanghai market was 11250 (+150) yuan / ton; Vietnam 3L quotation 11300 (+150) yuan / ton; Thailand No.
3 tobacco tablets 13150 (+150) yuan/ton; Yunnan 18 years full latex 11500 (0) yuan / ton
.
April 8 is the anniversary of the founding of the Chakri dynasty in Thailand, and Hat Yai Market is closed
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11000 (0) yuan / ton; The market price of cis-butadiene rubber is 11200 (0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 422310 tons, -20 tons
.
Main positions: top 20 long positions 99953, +1142, short positions 124190, +1400
.
Long and short increase at the same time, headroom increases
.

At present, Yunnan production areas have been cut one after another, the supply has not yet been on the volume, and the rubber export tonnage plan of India, Malaysia and Thailand has begun to be implemented, but the actual effect may be limited
.
Recently, the operation of domestic tire factories is generally good, and from the export data, exports fell significantly
in the first two months of this year.
Although China's rubber imports have recently declined year-on-year, from the perspective of inventory, exchange inventory and inventory outside the bonded zone have continued to increase, and the supply pressure is still obvious
.
Technically, the RU1909 contract is focused on pressure around 12000, and short-term recommendations are to trade
in the 11750-12000 range.