Rubber high open running futures prices closed slightly higher

News: 1.
In August 2019, Malaysia's tianjiao production fell
year-on-year.
2.
In the first 8 months of 2019, Indonesia exported a total of 2.
05 million tons of natural rubber, down 12.
8%
year-on-year.
3.
The first commercial vehicle network recently learned that in September 2019, China's heavy-duty truck market is expected to sell about 83,000 vehicles of various types, up 13% from 73,200 units in August this year and 7%
from 77,700 units in the same period last year.

Market quotation: the quotation of 17-year state-owned whole milk (cloud elephant) in the Shanghai market is 10850 (+50) yuan / ton; Vietnam 3L quotation 11050 (+50) yuan / ton; Thai No.
3 tobacco tablets 13550 (+150) yuan/ton; Yunnan 18 years full latex 10900 (+0) yuan / ton
.
The purchase price of natural rubber fresh glue and dry rubber of Hainan State-owned Rubber Processing Plant was raised to 10,000 yuan / ton
.
Thai Hat Yai raw material market raw film 36.
71 (+0.
4) baht/kg; Tai San Tobacco Tablets 39.
39 (+0.
62) THB/kg; field glue 36 (+0.
2) baht/kg; 30.
25 (+0.
25) THB/kg
.
SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1325 (+10) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1330 (+15) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse raised the price by 1335 (+10) US dollars / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11000 (-300) yuan / ton; The market price of cis-butadiene rubber is 12000 (-400) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 407540 tons, -900 tons; NR warehouse receipt 0 tons
.
Main positions: RU2001 Top 20 long positions 77213, -847; short positions 115739, +370
.
Reduce more and increase the short, and increase the headroom
.

Summary: At present, domestic and foreign production areas are in the rubber tapping period, the supply of Southeast Asia has increased significantly, and the price of raw materials is lower than the same period
of previous years.
The launch of Malaysia's rubber production allowance and the Thai government's plan to launch a 24.
2 billion rubber price difference subsidy program have boosted market sentiment, but the actual effect remains to be verified
.
After the holiday, the operating rate of Shandong tire enterprises may increase, and enterprises have a need
to replenish inventory.
According to Longzhong statistics, as of October 7, the bonded inventory of natural rubber and general trade inventory in Qingdao have fallen sharply, and the pressure on circulation has weakened
.
Technically, the RU2001 contract opened high and oscillated, focusing on the pressure around 11680 above, and it is recommended to trade in the 11500-11680 range in the short term; The NR2002 contract focuses on pressure around 9920, and the short term is recommended to trade
in the 9820-9920 range.