Shanghai rubber first rose and then suppressed, and the price closed slightly higher

News: 1.
IRSG: The production and sales of natural rubber in major countries maintained a slight increase
year-on-year.
In February and March, China's imports of natural and synthetic rubber increased by 56.
6%
month-on-month.
3.
Yokohama Tire lowered production expectations
for truck tire plants in the U.
S.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11000 (+100) yuan / ton; Vietnam 3L quotation 11100 (+100) yuan / ton; Thai No.
3 tobacco tablets 12800 (+50) yuan/ton; Yunnan 18 years full latex 11350 (+100) yuan / ton
.
The purchase price of natural rubber fresh glue and dry rubber of Hainan state-owned rubber processing plant is 12,000 yuan / ton
.
Thai Hat Yai raw material market raw film 50.
99 (+0) baht/kg; Tai San tobacco tablets 53.
5 (0) baht/kg; Field glue 50.
5 (0) baht/kg; Cup glue 41 (0) 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 11600 (0) yuan / ton
.

Warehouse receipt stock: warehouse receipt 427990 tons, +3740 tons
.
Main positions: Top 20 long positions 110411, -1301, short positions 150316, -1905
.
Long and short are reduced together, and headroom is reduced
.

At present, the domestic production areas have been cut one after another, and the purchase price is slightly higher than the same period
last year.
In terms of imports, Vietnam's exports increased sharply in March, resulting in a sharp increase in the number of imported sky rubber in China, and in the later period, with the increase in supply in Southeast Asia, domestic imports will still increase
significantly.
From the perspective of inventory, exchange inventory and inventory outside the bonded zone have continued to increase, and supply pressure is still obvious
.
On the demand side, the recent operation of domestic tire factories has remained relatively good, but from the export data, the export decline in the first quarter of this year is obvious, and the demand side is not optimistic
.
Technically, the RU1909 contract focuses on support around 11300 and is recommended to trade
in the 11300-11700 range in the short term.