Global supply entered the off-season, and Shanghai rubber fluctuated in a narrow range at a low level

Night trading: RU1905 contract opening price 11070 yuan / ton, the highest price 11150 yuan / ton, the lowest price 11050 yuan / ton, the closing price 11130 yuan / ton; Up 60 yuan / ton, an increase of 0.
54%.

The opening price of the Nippon 1905 contract is 170 yen/kg, the highest price is 170.
1 yen/kg, the lowest price is 167.
3 yen/kg, and the closing price is 168 yen/kg; The trading volume is 2942 lots, and the position volume is 10008 lots
.

Domestic sales area market quotation: Shanghai market, Yunnan 17 years full latex quotation 10200/10500 (0/0) yuan / ton; Shandong market, Yunnan 17-year full latex quotation 10200/10500 (-200/-100) yuan / ton; Hengshui market, Yunnan 17-year whole milk tax inclusive quotation 10600 (+100) yuan / ton, Yunnan market, 17 years full latex quotation 10300 (0) yuan / ton
.

Qingdao bonded zone composite glue, mixed glue spot quotation: SMR20 compound, hybrid 9850/9900 (0/0), STR20 compound, mixing 9950/10000 (0/0)

The warehouse receipts of natural rubber futures in the previous period increased by 3730 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the previous period was reported at 370,700 tons
.
Among them, Shanghai increased by 760 tons, Yunnan increased by 700 tons, Shandong increased by 1270 tons, Tianjin Ping, Hainan increased by 1000 tons
.

The Shanghai rubber RU1905 contract fluctuated in a narrow range at its low level on Wednesday and moved higher
overnight.
From the 60-minute K-line chart, the K-line returned to above the short-term moving average, and the technical indicator MACD green column turned red; On the daily chart, the K line is below the moving average system, and the technical indicator MACD red bar turns green
.
Trading volume and position volume declined, and the technical picture was weak
.
The top 20 members held positions, long 77663 (-82), short 110570 (-983), net short 32907 lots
.

【Viewpoint and operation suggestions】

According to ANRPC's latest October report, in the first 10 months, the world's natural rubber production was 11.
468 million tons, an increase of 5.
5%
year-on-year.
In the same period, the world's demand for natural rubber was 11.
696 million tons, a year-on-year increase of 5.
2%.

The report shows that although rubber prices in some major producing countries are generally low and adverse weather is affected, rubber farmers have abandoned, and the production of tianjiao in Vietnam, Malaysia and India has decreased
year-on-year.
But as of October, Thailand's production of Tianjiao surged 15.
7% year-on-year, and double-digit growth is also expected for the full year
.
In addition, in the first 10 months, ANRPC member countries exported 8.
551 million tons of tianjiao, a year-on-year increase of 1.
8%.

Among them, Thailand increased by 8.
5%.

It is estimated that in 2018, the global supply and demand gap of tianjiao will be about 130,000 tons
.

As of the close of the night session, the mixed spot of premium water was 865-1015 yuan / ton
.
Exchange warehouse receipts continue to increase
.
November's heavy-duty truck data ended a four-year losing streak, and sales are expected to reach a new high
throughout the year, supported by data in the first half of the year.
Compared with the decline of passenger cars, the heavy-duty truck market has medium and long-term policy support, but it cannot be said to be good
.
The three Southeast Asian countries met in mid-December to discuss the policy of raising rubber prices and restricting exports, and no substantive news was released
for the time being.
According to Thailand's Star Daily, Thailand began heavy rainfall in the southern region on the night of the 15th, and by the 16th, flash floods and flooding broke out in many places in Nakhun Province, the Sino-US trade dispute was temporarily suspended, global supply gradually entered the off-season, Thai raw material prices remained stable, overnight U.
S.
stocks rebounded violently, the Dow closed up 1100 points or 5%, U.
S.
oil soared 9.
59%, and the energy variety stabilized and rose overnight, and today's intraday or strong volatility is dominant
.