Shanghai rubber is weak, the oscillation is weak, and the technical picture is weak

The opening price of the Nippon 1802 contract is 231 yen/kg, the highest price is 231.
4 yen/kg, the lowest price is 227.
5 yen/kg, and the closing price is 227.
9 yen/kg; The volume was 3688 lots, and the position volume was 8788 lots
.

Domestic sales area market: Shanghai market, Yunnan 15-year full latex quotation of 13800 yuan / ton; Shandong market, Yunnan 15-year full latex quotation of 13800 yuan / ton; Hengshui market, Yunnan 15-year whole milk quotation 13300 yuan / ton, Yunnan market, 17-year full latex quotation 14100 yuan / ton
.

The warehouse receipts of natural rubber futures in the previous period decreased by 340 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the previous period was reported at 370280
.
Among them, Shanghai decreased by 60 tons, Yunnan increased by 130 tons, Shandong increased by 110 tons, Tianjin decreased by 220 tons, and Hainan decreased by 300 tons
.

On September 15, the Trilateral Rubber Alliance will hold a discussion
on stabilizing the price of tianjiao in Bangkok, Thailand.
Malaysian Minister of Planting and Commodities Ma Yiqiang said that the instability of global celestial rubber prices has aroused widespread concern
from the domestic industry and 450,000 rubber farmers.
It is reported that General Tsachai Shariganya of Thailand and the Indonesian trade minister will also attend the meeting
.
Ma said that Malaysia has promoted the harvesting of latex through improved infrastructure construction and production incentive schemes, and increased the production capacity and production
of its natural rubber.
At the same time, local latex glove enterprises are encouraged to increase the use of latex in their own countries and reduce the import
of latex.
In addition, by 2020, the government plans to expand rubber plantation from the current 670,000 hectares to 1 million hectares
.
With the joint efforts of the Malaysian government and the Malaysian Rubber Association, rubber tapping automation will be promoted, hoping to increase the production efficiency from the current 1.
2 tons/ha to 2 tons/ha to ensure the supply
of raw materials.

The Shanghai rubber RU1801 contract was weak and volatile, and the night session continued to be weak
.
From the 60-minute candlestick chart, the candlestick fell back below the moving average system, and the technical indicator MACD green column continued; On the daily chart, the K-line crossed the 40-day moving average below, and the technical indicator MACD red column turned green
.
The trading volume increased, the position volume decreased, and the technical picture was weak
.
The top 20 members held positions, long 90365 (-3218), short 123784 (-2392), net short 33419 lots
.
At present, the September contract is under pressure from warehouse receipt delivery, which is weaker than the far month contract, and the spread closed at 2980
as of the end of the night.
Support below the 1801 contract is 16000
.
It is expected that the short-term will be mainly adjusted by shocks, and investors should wait and see for
the time being.