Shanghai rubber closed slightly higher, short-term futures price upward resistance gradually increased

News: 1.
China's imports of natural and synthetic rubber from January to July fell by 7.
1%
year-on-year.
2.
Circulation Association: In the first half of the year, the import volume of imported automobiles increased by 17.
2%.

3.
The auto market has been declining for 12 consecutive months, and auto suppliers have lowered their sales forecasts
.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 10500 (+50) yuan / ton; Vietnam 3L quotation 10950 (+50) yuan / ton; Thailand No.
3 tobacco flakes 12900 (+50) yuan/ton; Yunnan 18 years full latex 10650 (+50) yuan / ton
.
The purchase price of natural rubber fresh glue and dry rubber of Hainan state-owned rubber processing plant remained stable at 9500 yuan / ton / ton
.
Thai Hat Yai raw material market raw film 38.
55 (+0) baht/kg; Tai San tobacco tablets 39.
6 (+0) baht/kg; field glue 38 (+0) baht/kg; Cup gum 31.
5 (+0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10600 (+0) yuan / ton; The market price of cis-butadiene rubber is 10700 (+200) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 413590 tons, -480 tons
.
Main positions: top 20 long positions 59395, +5723, short positions 85732, +4316
.
Long and short increase together, headroom decreases
.

Summary: At present, domestic and foreign production areas are in the rubber tapping period, and the supply is gradually increasing
.
The recent sharp drop in raw material market prices in Thailand indicates that the source supply is sufficient
.
Although stocks outside the bonded zone have continued to decline recently, Thailand's exports of Chinese standard rubber increased sharply in June, and inventories will still recover
as imported sources continue to arrive at Hong Kong.
On the demand side, domestic heavy-duty truck sales in July fell sharply again month-on-month, coupled with the current domestic tire consumption gradually entering the off-season, the operating rate of domestic tire factories continued to decline, and the demand side was not optimistic
.
However, the current price has fallen into the cost range, and the all-latex sticker mixed rubber may make the futures price decline space limited
.
From a technical point of view, the RU2001 contract futures price fluctuates around the 11500 line, the upper pressure is on the 11650 line, and the short-term price upward resistance is increasing, it is recommended to pay attention to the light position short selling opportunity, pay attention to the previous low around the 11200 support
.