Shanghai rubber oscillation weakened, and the night session was basically flat

Night trading: Shanghai rubber RU1805 contract opening price 12420 yuan / ton, the highest price 12470 yuan / ton, the lowest price 12390 yuan / ton, the closing price 12415 yuan / ton; Down 5 yuan / ton, down 0.
04%.

The opening price of the Nippon 1807 contract is 195.
1 yen/kg, the highest price is 195.
5 yen/kg, the lowest price is 191.
8 yen/kg, and the closing price is 192.
3 yen/kg; The trading volume was 4373 lots, and the position volume was 11912 lots
.

Domestic sales area market quotation: Shanghai market, Yunnan 16 years full latex quotation 11400 (-100) yuan / ton; Shandong market, Yunnan 16-year full latex quotation 11400 (-100) yuan / ton; Hengshui market, Yunnan 16-year whole milk quotation 11000 (-100) yuan / ton, Yunnan market, 17 years full latex quotation 12000 (-100) yuan / ton
.

The warehouse receipts of natural rubber futures in the previous period increased by 10 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the previous period was reported at 379010 tons
.
Among them, Shanghai decreased by 30 tons, Yunnan Ping, Shandong increased by 60 tons, Tianjin Ping, Hainan decreased by 20 tons
.

The Shanghai rubber 1805 contract weakened intraday volatility on Thursday, and was basically flat
in overnight trading.
From the 60-minute K-line chart, the K-line is above the 5-day moving average, and the technical indicator MACD green column turns red; On the daily chart, the K line is below the moving average system, hitting a new low of 12280, and the technical indicator MACD green column continues
.
The trading volume increased, the position volume decreased slightly, and the technical picture was weak
.
The top 20 members held positions, long orders 109220 (-665), short orders 150252 (+354), net short 41032 lots
.

Related Information:

1.
According to the General Administration of Customs, in January 2018, China imported a total of 697,000 tons of natural and synthetic rubber (including latex), an increase of 36.
7% year-on-year, an increase significantly larger than the same period last year (11.
8%), but a decrease of 17%
compared with December last year.

In February and December, the import volume of natural rubber in the United States increased sharply to 88,000 tons year-on-year, the increase was second only to the highest value in June this year, an increase of 21.
4% year-on-year, and a month-on-month increase of 23.
1%.

From the perspective of the mainstream varieties of tianjiao, standard rubber accounted for about 86%, which was the driving force of its large increase, with a year-on-year increase of 28.
5% and a month-on-month increase of 28.
9%.

However, the import volume of tobacco film gum fell year-on-year, down 5.
0% year-on-year and 15.
6%
month-on-month.
Latex also decreased 15.
2% year-on-year, but increased 23.
7%
month-on-month.
In 2017, the United States imported 972,000 tons of natural rubber, a year-on-year increase of 2.
8%.

Among them, standard rubber, tobacco tablets and latex increased by 1.
7%, 7.
3% and 12.
5%
respectively.

3.
On February 7, the central exchange rate of the RMB against the US dollar was 6.
2882, up 190 points, continuing to hit a new high
since August 11, 2015.
At the same time, the real-time quotes of the yuan against the US dollar continued to strengthen
sharply this morning.
As of 11:32, the onshore yuan was trading at 6.
2540 against the dollar, rising above the 6.
26 mark, up 289 points, continuing to hit a new high
since August 2015.
The offshore yuan traded at 6.
2609 against the dollar, rising as much as the 6.
26 mark during the session, up 226 points, also hitting a new high
since August 2015.

4.
U.
S.
stocks plunged again, with the Dow closing down 1032.
89 points or 4.
15% at 23860.
46, the Nasdaq closing down 3.
9% at 6777.
16, and the S&P 500 closing down 3.
75% at 2581
.
Both the Dow and the S&P 500 fell more than 10%
from their January highs.

We believe that the contradiction between domestic supply and demand still exists, the inventory of exchanges and the inventory of the bonded area remain high, and the number of downstream replenishment is not as good as in previous years, which is still a weak pattern
in stages.
Raw material prices in Thailand fell
slightly.
05-09 The spread widened to 375 yuan / ton, the current price difference converged, the spot of the plate premium whole milk was 1015 yuan / ton, and the spot of the premium mixed rubber was 1615 yuan / ton
.
January heavy truck data released, bear market market market reaction to the news of the flat response, the market is more interpreted as the end of last year's orders at the beginning of the year to reflect, tractor sales fell significantly, the car market has signs of
turning around.
Negative news in the peripheral market is frequent, we recommend investors to rebound and sell short, pre-holiday should be dominated by light position operation, the lower support level is 12100, the market may be repeated
.