Shanghai rubber supply is still not on the volume and the futures price closed slightly higher

News: Sales of heavy-duty trucks exceeded a record high of 140,000 units in January and March
.
2.
ANRPC: Thailand has limited supply, and global natural rubber production in January fell 10.
1%
year-on-year.
3.
U.
S.
auto sales are expected to reach 2.
94 million units, the lowest
in six years.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11100 (+100) yuan / ton; Vietnam 3L quotation 11150 (+100) yuan / ton; Thailand No.
3 tobacco tablets 13000 (+250) yuan/ton; Yunnan 18 years full latex 11600 (0) yuan / ton
.
Thai Hat Yai raw material market raw film 50.
77 (+0.
52) baht/kg; Tai San tobacco tablets 54.
3 (0) baht/kg; Field glue 51 (0) baht/kg; Cup gum 40.
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 422540 tons, -530 tons
.
Main positions: Top 20 long positions 98845, +2764, short positions 119866, +1450
.
Long and short increase together, headroom decreases
.

At present, Yunnan production area is sporadically cut, the supply is still not on the volume, India, Malaysia and Thailand rubber export tonnage plan began to be implemented, but the actual effect may be limited
.
Recently, the operation of domestic tire factories is generally good, and from the export data, exports fell significantly
in the first two months of this year.
Although China's rubber imports have recently declined year-on-year, from the perspective of inventory, exchange inventory and inventory outside the bonded zone have continued to increase, and the supply pressure is still obvious
.
Technically, the RU1909 contract is focused on pressure around 11900, and short-term recommendations are to trade
in the 11600-12000 range.