Shanghai rubber opened high and went low, and the futures price fluctuated and closed down

News: 1.
Vietnam's natural rubber exports in May increased by 2.
7%
month-on-month.
2.
In April 2019, Malaysia's production of tianjiao decreased
year-on-month.
3.
China's imports of natural and synthetic rubber from January to May fell by 3.
5%
year-on-year.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11800 (-150) yuan / ton; Vietnam 3L quotation 12150 (-100) yuan / ton; Thailand No.
3 tobacco tablets 13500 (-50) yuan/ton; Yunnan 18 years full latex 11850 (-50) yuan / ton
.
The purchase price of natural rubber fresh glue and dry rubber of Hainan state-owned rubber processing plant remained stable at 11200 yuan / ton
.
Thai Hat Yai raw material market raw film 55.
99 (+0) baht/kg; Tai San tobacco tablets 60.
05 (+0.
3) baht/kg; field glue 52.
2 (+0.
2) baht/kg; Cup gum 42.
5 (+0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10800 (+0) yuan / ton; The market price of cis-butadiene rubber is 11500 (+0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 415140 tons, +0 tons
.
Main positions: Top 20 long positions 99933, -1471; short positions 133825, -567
.
Long and short are reduced at the same time, and headroom is increased
.

Summary: At present, domestic and foreign production areas are in the rubber tapping period, and the recent rainfall in Thailand and Yunnan production areas has eased the drought
.
In terms of imports, customs supervision over the import of mixed rubber was strengthened, and the import of rubber fell significantly in May
.
From the perspective of inventory, inventory outside the bonded zone has continued to decline recently, but exchange inventory is still at a high level
.
On the demand side, the recent domestic tire factory operation has remained generally good, but this year's export decline has been obvious, and domestic consumption has gradually entered the off-season, and the demand for the future market is not optimistic
.
Technically, the RU1909 contract is recommended to trade
in the 11850-12150 range for short term.