Supply pressure is still obvious, and Shanghai rubber increased its position

In terms of news, 1.
In January 2019, China's natural and synthetic rubber imports fell by 11.
2%
year-on-year.
2.
Yokohama's sales increased in 2018, but revenue declined
.
3.
Goodyear's revenue doubled
in 2018.

Market quotation, the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market was 11250 (+100) yuan / ton; Vietnam 3L quotation 10950 (+50) yuan / ton; Thailand No.
3 tobacco tablets 12750 (+100) yuan/ton; Yunnan 17 years full latex 10950 (+100) yuan / ton
.
Thai Hat Yai raw material market raw film 43.
43 (+0.
17) baht/kg; Tai San Tobacco Tablets 46.
5 (+1.
01) THB/kg; field glue 42.
5 (+0.
5) baht/kg; Cup gum 35.
5 (+0.
5) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11600 (0) yuan / ton; The market price of cis-butadiene rubber is 11700 (0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 418010 tons, +370 tons, still at a high level
.
Main positions: the top 20 long positions 80724, +1017, short positions 114047, +1411
.
The short position increased significantly, and the net short order increased
.

At present, the domestic natural rubber production area has entered the cutting period, although the Thai production area is still in the rubber tapping period, but the output is gradually shrinking, but this year the global rubber production will still maintain the growth momentum
.
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
.
Technically, the RU1905 contract focuses on the pressure around 11900 above the short term, and operationally recommends trading
in the 11500-11900 range.