Shanghai rubber futures prices closed higher to get rid of the previous volatility range

News: 1.
In January 2019, China's imports of natural and synthetic rubber fell by 11.
2%
year-on-year.
2.
Yokohama's sales increased in 2018, but revenue declined
.
3.
Goodyear's revenue doubled
in 2018.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market was 11650 (+400) yuan / ton; Vietnam 3L quotation 11450 (+500) yuan / ton; Thai No.
3 tobacco tablets 13200 (+450) yuan/ton; Yunnan 17 years full latex 11400 (+450) yuan / ton
.
On February 19, the Thai Hat Yai natural rubber raw material market was closed on holidays, and there was no quotation
for raw materials.
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 417850 tons, -160 tons, still at a high level
.
Main positions: Top 20 long positions 88034, +8273, short positions 119691, +7643
.
The increase in bulls is large, and the net short order is reduced
.

At present, the domestic natural rubber production area has entered the cutting period, although the Thai production area is still in the rubber tapping period, but the output is gradually shrinking, but this year the global 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
.

According to the news, Indonesia is preparing to propose a plan to reduce rubber export quotas at the meeting of the India-Malaysia-Thailand three-nation rubber export alliance held in Bangkok this week, and the Shanghai rubber futures price has risen strongly from the previous shock range
.
However, Thailand has not yet made a statement on whether to join the action plan, and based on the experience of previous years, even if such policies are implemented, the actual impact on prices is limited
.
Technically, the RU1905 contract focuses on the pressure around 12400 in the short term, and it is not recommended to chase the rise, mainly wait and see
.