Shanghai rubber reduced its position and released the volume of futures prices fluctuating and closing up

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 (Yunxiang) in the Shanghai market is 10750 (0) yuan / ton; Vietnam 3L quotation 10900 (0) yuan / ton; Thailand No.
3 tobacco tablets 12550 (0) yuan / ton; Yunnan 18 years full latex 11100 (0) yuan / ton
.
Thai Hat Yai raw material market raw film 50.
55 (-0.
22) baht/kg; Tai San Tobacco Tablets 53.
75 (0) THB/kg; field glue 51.
3 (+0.
3) baht/kg; Cup glue 41.
5 (+0.
5) 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 11400 (0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 418120 tons, +860 tons
.
Main positions: Top 20 long positions 109668, -5828, short positions 146726, -9192
.
Long and short are reduced together, and headroom is reduced
.

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, Shanghai rubber rose sharply in the afternoon, but the news has not been confirmed at present, and it is recommended to treat
it rationally.
Technically, the RU1909 contract is focused on pressure around 11800, with short-term recommendations for trading
in the 11400-11800 range.