Supply pressure is still obvious, and Shanghai rubber futures prices closed down

News: 1.
In January 2019, Thailand exported 410,000 tons of natural rubber (12460, -15.
00, -0.
12%) and mixed rubber, both down
year-on-year.
In February and January, China's imports of tianjiao shrank
sharply.
3.
South Korea's exports of synthetic rubber in January maintained a slight increase
year-on-month.

Market quotation: the quotation of 17-year state-owned whole milk (cloud elephant) in the Shanghai market is 11900 (-400) yuan / ton; Vietnam 3L quotation 11750 (-150) yuan / ton; Thailand No.
3 tobacco tablets 13550 (-400) yuan/ton; Yunnan 18 years full latex 12100 (0) yuan / ton
.
Thai Hat Yai raw material market raw film 47.
7 (0) baht/kg; Tai San tobacco tablets 50.
7 (+0.
5) baht/kg; field glue 47.
7 (+0.
5) baht/kg; Cup glue 40 (0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11700 (0) yuan / ton; The market price of cis-butadiene rubber is 11900 (0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 421160 tons, +1380, still at a high level
.
Main positions: the top 20 long positions 77578, -4630; short positions 103636, -4213
.
The bulls reduced their holdings by a large margin, and the headroom increased
.

At present, the domestic natural rubber production areas have entered the suspension period, and the Southeast Asian production areas have also stopped cutting
.
The rubber export reduction plan of the three countries of India, Malaysia and Thailand has boosted the Shanghai rubber market, but the actual effect remains to be seen
.
After the holiday, tire factories resumed work one after another, and the operating rate gradually recovered
.
Although China's rubber imports fell year-on-year in January, from the perspective of inventory, exchange inventories and stocks outside the bonded zone continued to increase, and the supply pressure was still obvious
.