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Market situation: Shanghai rubber downward rebound, RU1905 reduced its position and contracted, and the futures price closed slightly lower
.
The day closed at 11950, -0.
21% from the previous trading day; Volume 186400; Position 253318, -4638, basis -550, -115, Ru5-September spread -290, -5
.
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.
Goodyear will upgrade two factories in Germany
.
Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11400 (-150) yuan / ton; Vietnam 3L quotation 11500 (0) yuan / ton; Thailand No.
3 tobacco tablets 13200 (-100) yuan/ton; Yunnan 18 years full latex 11750 (0) yuan / ton
.
Thai Hat Yai raw material market raw film 49.
37 (+0.
39) baht/kg; Tai San tobacco tablets 53.
75 (+0.
5) baht/kg; Field glue 51 (0) baht/kg; Cup gum 40.
5 (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 stock: warehouse receipt 428230 tons, +350 tons
.
Main positions: the top 20 long positions 64860, -1503; short positions 85571, -1411
.
Long and short are reduced at the same time, and headroom is increased
.
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.