Shanghai rubber reduced its position and reduced the volume of the market performance

News: 1.
ANRPC: Global natural rubber supply and demand in the first two months were weak, and Thailand's production fell by 20%.

In February and March, China's natural rubber imports soared by 78.
3%
month-on-month.
3.
China's truck and bus tire import tax affects Cooper Tire Q1 profit
.

Market quotation: the quotation of 17-year state-owned whole milk (cloud elephant) in the Shanghai market is 11200 (+450) yuan / ton; Vietnam 3L quotation 11500 (+600) yuan / ton; Thailand No.
3 cigarette tablets 13000 (+450) yuan/ton; Yunnan 18 years full latex 11350 (+250) yuan / ton
.
The purchase price of natural rubber fresh glue and dry rubber from Hainan State-owned Rubber Processing Plant was raised to 12,300 yuan / ton
.
Thai Hat Yai raw material market raw film 50.
77 (0) baht/kg; Tai San tobacco tablets 53.
8 (0) baht/kg; Field glue 51.
3 (0) baht/kg; Cup glue 41.
5 (0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11100 (0) yuan / ton; The market price of cis-butadiene rubber is 11200 (0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 418010 tons, -110 tons
.
Main positions: Top 20 long positions 107838, -1606; short positions 145045, -908
.
Long and short are reduced at the same time, and headroom is increased
.

Summary: At present, the domestic production area has entered the rubber tapping period, and the supply in Hainan has gradually increased
.
In terms of imports, Vietnam's exports increased sharply in March, resulting in a sharp increase in the number of imported sky rubber in China, and in the later period, with the increase in supply in Southeast Asia, domestic imports will still increase
significantly.
From the perspective of inventory, exchange inventory and inventory outside the bonded zone have continued to increase, and supply pressure is still obvious
.
On the demand side, the recent operation of domestic tire factories has remained relatively good, but from the export data, the export decline in the first quarter of this year is obvious, and the demand side is not optimistic
.
Affected by the news of the strengthening of supervision of mixed rubber imports, the Shanghai rubber market performed relatively firmly
.
Technically, the RU1909 contract is eyeing pressure around 11850 and is recommended to trade
in the 11500-11850 range in the short term.