Shanghai rubber reduced its position and reduced its futures price and 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.
Bridgestone raised the price of truck and bus tires by 20%.

Market quotation: the quotation of 17-year state-owned whole milk (cloud elephant) in the Shanghai market is 11900 (0) yuan / ton; Vietnam 3L quotation 11700 (-50) yuan / ton; Thailand No.
3 tobacco tablets 13550 (0) yuan / ton; Yunnan 18 years full latex 12100 (0) yuan / ton
.
Thai Hat Yai raw material market raw film 47.
77 (+0.
07) baht/kg; Tai San Tobacco Tablets 51 (+0.
3) THB/kg; field glue 48.
7 (+1) baht/kg; Cup glue 40.
5 (+0.
5) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber (12225, -265.
00, -2.
12%) 1502 market price 11700 (0) yuan / ton in East China; The market price of cis-butadiene rubber is 11900 (0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 422090 tons, +930, still at a high level
.
Main positions: the top 20 long positions 76243, -563; short positions 101641, -1173
.
The shorts reduced their holdings by a large margin, and the headroom was reduced
.

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
.
After the holiday, tire factories resumed work one after another, and the operating rate gradually recovered
.
Although China's rubber imports fell year-on-year in January, from the perspective of inventory, exchange inventories and stocks outside the bonded zone continued to increase, and the supply pressure was still obvious
.
Technically, the RU1905 contract is supported around 12350 below, and it is recommended to trade
in the 12350-12800 range in the short term.