Shanghai rubber closed slightly lower Supply pressure is still obvious

In terms of news, 1.
In January 2019, China's natural and synthetic rubber imports fell by 11.
2%
year-on-year.
2.
In 2018, Malaysia's natural rubber production fell by 18.
4% year-on-year, and exports increased by 3.
7%.

3.
The proportion is too large, and the United States taxes
the "double reverse" of Chinese truck and bus tires.

In terms of market, the 17-year quotation of state-owned whole milk (Yunxiang) in the Shanghai market was 11150 (-200) yuan / ton; Vietnam's 3L quotation is 10900 (-150) yuan / ton; Thailand No.
3 tobacco flakes 12650 (-150) yuan/ton; Yunnan 17 years full latex 10850 (-100) yuan / ton
.
Thai Hat Yai raw material market raw film 43.
26 (-0.
24) baht/kg; Tai San tobacco tablets 45.
49 (-0.
04) baht/kg; Field glue 42 (+0.
5) baht/kg; Cup gum 35 (-0.
5) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11600 (0) yuan / ton; The market price of cis-butadiene rubber is 11700 (0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 417640 tons, +50 tons, still at a high level
.
Main positions: the top 20 long positions 79795, -1749, short positions 112636, +46
.
More short reduction increases, net short orders increase
.

Summary: At present, the domestic natural rubber production area has entered the suspension period, although the Thai production area is still in the rubber tapping period, but the output is gradually shrinking, but this year's global sky rubber production will still maintain the growth momentum
.
After the holiday, tire factories resumed work one after another, and the operating rate gradually recovered
.
Although China's rubber imports fell year-on-year in January, from the perspective of inventory, exchange inventories and stocks outside the bonded zone continued to increase, and the supply pressure was still obvious
.