Shanghai rubber volume fell below the previous support

News: 1.
IRSG: The production and sales of natural rubber in major countries maintained a slight increase
year-on-year.
In February and March, China's imports of natural and synthetic rubber increased by 56.
6%
month-on-month.
3.
European tire sales declined slightly in the first quarter of 2019
.

Market quotation: the quotation of 17-year state-owned whole milk (cloud elephant) in the Shanghai market is 11000 (-100) yuan / ton; Vietnam 3L quotation 11100 (-100) yuan / ton; Thailand No.
3 tobacco flakes 12850 (-50) yuan/ton; Yunnan 18 years full latex 11350 (-50) yuan / ton
.
The purchase price of natural rubber fresh glue and dry rubber of Hainan state-owned rubber processing plant is 12,000 yuan / ton
.
Thai Hat Yai raw material market raw film 50.
89 (-0.
46) baht/kg; Tai San tobacco tablets 53.
5 (-0.
95) baht/kg; Field glue 50.
5 (-1) baht/kg; Cup gum 41 (-0.
5) baht/kg
.
Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 11600 (+200) yuan / ton; The market price of cis-butadiene rubber is 11500 (0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 424460 tons, -90 tons
.
Main positions: Top 20 long positions 112336, +5446, short positions 152613, +8133
.
Long and short increase at the same time, headroom increases
.

At present, the domestic production areas have been cut one after another, and the purchase price is slightly higher than the same period
last year.
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
.
Technically, the RU1909 contract broke below the previous support, focusing on support around 11300 in the short term, and it is recommended to trade
in the 11300-11700 range.