Shanghai rubber rebound blocked, futures prices closed slightly lower

News: 1.
IRCO: Cut the export of Tianjiao by 240,000 tons
since April 1.
2.
In 2019, US tire shipments may decrease by 0.
7%.

3.
In the first two months, China's imports of natural and synthetic rubber fell by 7.
9%
year-on-year.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11600 (-50) yuan / ton; Vietnam 3L quotation 11450 (-50) yuan / ton; Thai No.
3 tobacco tablets 13250 (+0) yuan/ton; Yunnan 18 years full latex 11950 (+0) yuan / ton
.
Thai Hat Yai raw material market raw film 47.
77 (+0.
02) baht/kg; Tai San tobacco tablets 51.
5 (+0.
3) baht/kg; field glue 50.
25 (+0) baht/kg; Cup glue 40 (+0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11700 (0) yuan / ton; The market price of cis-butadiene rubber is 11900 (0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 423610 tons, +260, still at a high level
.
Main positions: the top 20 long positions 72331, +734, short positions 97723, +893
.
Bears increased their holdings more and their headroom increased
.

At present, the global natural rubber production areas have entered a low production period
.
The rubber export reduction plan of the three countries of India, Malaysia and Thailand has boosted the Shanghai rubber market, but the actual effect remains to be seen
.
Recently, the domestic tire factory operation is generally good
.
Although China's rubber imports continued to decline year-on-year in February, from the perspective of inventory, exchange inventory and inventory outside the bonded zone continued to increase, and the supply pressure was still obvious
.
Technically, the RU1905 contract focuses on the support of futures prices around 12000 below, and it is recommended to trade
in the 12000-12500 range in the short term.