Shanghai rubber reduced its position and reduced its futures price and closed slightly lower

News: Automobile dealers in January and April: inventory coefficient increased by 20.
5%
year-on-year.
2.
ANRPC: Global natural rubber production fell by 5.
2% in the first quarter of 2019, and consumption decreased
slightly.
3.
U.
K.
vehicle production fell 44.
5%
in April.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market was 11800 (+0) yuan / ton; Vietnam 3L quotation 12200 (+50) yuan / ton; Thailand No.
3 tobacco tablets 13550 (+50) yuan/ton; Yunnan 18 years full latex 11800 (+0) yuan / ton
.
The purchase price of natural rubber fresh glue and dry rubber of Hainan State-owned Rubber Processing Plant remained stable at 12,700 yuan / ton
.
Thai Hat Yai raw material market raw film 52.
69 (+0.
3) baht/kg; Tai San tobacco tablets 55.
31 (+0.
42) baht/kg; field glue 50.
9 (+0) baht/kg; Cup glue 42 (+0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11300 (+0) yuan / ton; The market price of cis-butadiene rubber is 11500 (+0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 414360 tons, +480 tons
.
Main positions: the top 20 long positions 101493, -5553, short positions 132662, -2842
.
Long and short are reduced at the same time, and headroom is increased
.

Summary: At present, the domestic and foreign production areas are in the rubber tapping period, and the recent rainfall in the Yunnan production area has slightly alleviated the drought, but it is reported that the rubber tapping conditions are still not good; Thailand's dry weather has been significantly alleviated, and raw material output has increased
.
In terms of imports, the customs supervision of the import of mixed rubber has been strengthened, and the domestic import volume in the future market may be slightly reduced
.
From the perspective of inventory, inventory outside the bonded zone decreased slightly, but exchange inventory remained high
.
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 focusing on support around 11950 in the short term and is recommended to trade
in the 11950-12300 range.