April 6 Shanghai rubber morning review

U.
S.
and Brent crude futures closed slightly higher on Tuesday after Kuwait stressed that major producers would agree to freeze output at this month's meeting, despite Iran's refusal to participate in the plan
.
NYMEX crude for May delivery closed up 0.
5 percent at $
35.
89 a barrel.
The overnight Shanghai rubber 1609 contract rose 0.
73% to close at 11655 yuan / ton
.

Spot market: the quotation of state-owned whole milk in the Shanghai market for 14 years is about 10700 (+200) yuan / ton; Vietnam's 3L quotation is 10700-10800 (+100/+100) yuan / ton, Thailand's No.
3 tobacco film is reported at 11200-11300 (0/+100) yuan / ton, and the RMB mixed transaction is 10000-10150 (+200/+150) yuan / ton
.
Thai Hat Yai raw material market raw film 49.
23 (+0.
4) baht/kg; Tai San tobacco tablets 53.
36 (+0.
48) baht/kg; field glue 53.
5 (+1) baht/kg; Cup glue 42 (+0.
5) baht/kg
.

From a technical point of view, today's domestic Shanghai rubber 1609 contract shows a unilateral strong upward pattern, the mid-session price center of gravity is steadily higher, and the market is enthusiastic about
longing.
In the short term, downstream heavy-duty truck sales have recovered well, and the buying force has strengthened, but considering the factors facing the opening of domestic production areas after the holiday, the sustainability may be poor
.
It is expected that the supply pressure of new rubber will gradually become prominent in the future, and the later trend of rubber prices will face greater pressure
.
From the perspective of positions, the increase in the main funds of the 1609 contract is slightly stronger than the short, and the net short position is slightly reduced to 18389 compared with 18548 before the holiday
.