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Market situation: Shanghai rubber fluctuated slightly, RU1905 reduced its position and contracted, and the futures price closed higher
.
The day closed at 11985, +0.
93% from the previous trading day; Volume 217190; Position 257956, -15102, basis -435, +130, RuMay-September spread -285, +0
.
News: 1.
Malaysia's natural rubber production in January increased by 36%.
2.
In the first two months, Vietnam's tianjiao exports increased by 22.
4%.
3.
Guizhou Tire will invest 500 million US dollars to build a factory
in Vietnam.
Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11550 (+200) yuan / ton; Vietnam 3L quotation 11500 (+100) yuan / ton; Thai No.
3 tobacco tablets 13300 (+200) yuan/ton; Yunnan 18 years full latex 11750 (0) yuan / ton
.
Thai Hat Yai raw material market raw film 48.
98 (+0.
09) baht/kg; Tai San Tobacco Tablets 53.
25 (+0.
15) THB/kg; Field glue 51 (+0.
25) baht/kg; Cup gum 40.
5 (+0.
5) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11300 (-200) yuan / ton; The market price of cis-butadiene rubber is 11700 (0) yuan / ton
.
Warehouse receipt inventory: warehouse receipt 427880 tons, +1270 tons
.
Main positions: top 20 long positions 66363, -4119, short positions 86982, -4641
.
Long and short are reduced together, and headroom is reduced
.
At present, the global natural rubber producing areas have entered a low production period, and the rubber export tonnage of India, Malaysia and Thailand three countries plan to boost the Shanghai rubber market, but the actual effect is limited
.
Recently, the domestic tire factory operation is generally good
.
Although China's rubber imports continued to decline year-on-year in February, from the perspective of inventory, exchange inventory and inventory outside the bonded zone continued to increase, and the supply pressure was still obvious
.
Technically, the RU1905 contract has support under pressure, and it is recommended to trade
in the 11700-12200 range in the short term.