Shanghai rubber continued to fall, and the futures price was volatile and closed down

News: In January and February, Thailand's natural rubber exports fell by 6% year-on-year, and mixed rubber exports increased by 35.
6%
year-on-year.
2.
China imported 107,000 tons
of natural rubber in February.
3.
U.
S.
first-quarter car sales are expected to reach 2.
94 million units, the lowest
in six years.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 10900 (-250) yuan / ton; Vietnam's 3L quotation is 11150 (-150) yuan / ton; Thailand No.
3 tobacco tablets 12800 (-100) yuan/ton; Yunnan 18 years full latex 11550 (-50) yuan / ton
.
Thai Hat Yai raw material market raw film 49.
72 (+0.
02) baht/kg; Tai San tobacco tablets 54.
15 (+0.
05) baht/kg; Field glue 51 (0) baht/kg; Cup glue 40 (0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11300 (0) yuan / ton; The market price of cis-butadiene rubber is 11400 (0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 422060 tons, +640 tons
.
Main positions: Top 20 long positions 52356, -4580; short positions 76079, -6624
.
Long and short are reduced together, and headroom is reduced
.

At present, Yunnan production area is sporadically cut, the supply is still not on the volume, India, Malaysia and Thailand rubber export tonnage plan is about to be implemented, but the actual effect is 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 RU1905 contract focuses on support around 11000, and short-term advice is short-term to operate
with a bearish idea.