Shanghai rubber increased its position and the futures price rose slightly

News: 1.
ANRPC: In 2019, the natural rubber planting area and rubber tapping area maintained growth, and the yield declined
.
Sales of excavators in February and March increased by 15.
7%
year-on-year.
3.
Passenger Association: China's retail sales of generalized passenger cars in March decreased by 12%
year-on-year.

Market quotation: the quotation of 17-year state-owned whole milk (cloud elephant) in the Shanghai market is 11100 (+50) yuan / ton; Vietnam 3L quotation 11150 (+50) yuan / ton; Thailand No.
3 tobacco tablets 12950 (0) yuan/ton; Yunnan 18 years full latex 11400 (0) yuan / ton
.
Thai Hat Yai raw material market raw film 51.
88 (+0.
23) baht/kg; Tai San tobacco tablets 54.
45 (+0.
05) baht/kg; Field glue 51.
5 (0) baht/kg; Cup gum 41.
5 (0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11000 (0) yuan / ton; The market price of cis-butadiene rubber is 11200 (0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 424500 tons, -100 tons
.
Main positions: the top 20 long positions 99959, -2906, short positions 131756, +542
.
Reduce more and increase the short, and increase the headroom
.

At present, Yunnan production areas have been cut one after another, the supply has not yet been on the volume, and the rubber export tonnage plan of India, Malaysia and Thailand has begun to be implemented, but the actual effect may be limited
.
Recently, the operation of domestic tire factories is generally good, and from the export data, exports fell significantly
in the first two months of this year.
Although China's rubber imports have recently declined year-on-year, from the perspective of inventory, exchange inventory and inventory outside the bonded zone have continued to increase, and the supply pressure is still obvious
.
Technically, the RU1909 contract is eyeing pressure around 12050 and it is recommended to trade
in the 11600-11950 range in the short term.