Shanghai rubber holdings have decreased and supply pressure is still obvious

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 11350 (-200) yuan / ton; Vietnam's 3L quotation is 11350 (-150) yuan/ton; Thailand No.
3 tobacco flakes 13100 (-150) yuan/ton; Yunnan 18 years full latex 11750 (-100) yuan / ton
.
Thai Hat Yai raw material market raw film 48.
12 (+0.
01) baht/kg; Tai San Tobacco Tablets 53 (+0.
5) THB/kg; field glue 50.
75 (+0.
25) baht/kg; Cup glue 40 (-0.
5) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11500 (0) yuan / ton; The market price of cis-butadiene rubber is 11700 (0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 426160 tons, +800
.
Main positions: the top 20 long positions 72311, +1120, short positions 93540, -567
.
More increase and decrease, less headroom
.

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 focuses on support for futures prices around 11700 below, and short-term recommendations are to trade
in the 11700-12200 range.