Shanghai rubber reduced its position and reduced its futures price and closed down

News: In January and April, U.
S.
tire imports increased year-on-year, and truck and bus tires imported from China rose
strongly.
In February and April, US natural rubber imports fell by 12.
2%
year-on-year.

Spot: the 16-year quotation of state-owned whole milk in the Shanghai market was 10750 (0) yuan / ton; Vietnam 3L quotation 11100 (0) yuan / ton; Thailand No.
3 tobacco flakes 13350 (-50) yuan / ton
.
Thai Hat Yai raw material market raw film 46.
5 (-0.
39) baht/kg; Tai San tobacco tablets 49.
56 (+0.
61) baht/kg; Field glue 44.
5 (0) baht/kg; Cup gum 37.
5 (0) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 12500 (-100) yuan / ton; The market price of cis-butadiene rubber is 12200 (-100) yuan / ton
.

With the continuous increase in production, the glue in the production area has dropped
significantly.
The export restriction policies of Thailand, Malaysia and India ended, and domestic imports increased
significantly.

From the perspective of inventory, Qingdao Free Trade Zone inventory ended the destocking in the past three months, and with the gradual increase in the supply of new rubber, the inventory still has a growing momentum; And from the perspective of exchange inventory and hidden inventory, the future market is still facing greater inventory pressure
.
The center of gravity of the main 1809 contract of Shanghai rubber may have shifted downward, and it is recommended to trade
in the range of 11000-11700.