Shanghai rubber increased its position and the futures price fluctuated to close down

News: 1.
ANRPC: Global natural rubber supply and demand in the first two months were weak, and Thailand's production fell by 20%.

In February and March, China's natural rubber imports soared by 78.
3%
month-on-month.
3.
Continental Tire expands tire plant
in South Carolina, USA.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 10950 (-50) yuan / ton; Vietnam 3L quotation 11050 (-50) yuan / ton; Thailand No.
3 tobacco flakes 12750 (-50) yuan / ton; Yunnan 18 years full latex 11200 (0) 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.
88 (0) baht/kg; Tai San Tobacco Tablets 53.
7 (+0.
05) THB/kg; field glue 50.
8 (+0.
3) baht/kg; Cup gum 41 (+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 inventory: warehouse receipt 415540 tons, +680 tons
.
Main positions: Top 20 long positions 112821, +2460, short positions 154697, +3413
.
Long and short increase at the same time, headroom increases
.

At present, the domestic production area has entered the rubber tapping period, and it is reported that the Yunnan production area has suspended rubber tapping to protect production capacity due to high temperature and dry weather, and the purchase price continues to rise
.
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 is eyeing support around 11100 and is recommended to trade
in the 11100-11700 range in the short term.