Shanghai rubber contract increased positions and futures prices closed lower

News: 1.
Bridgestone invested 12 million US dollars to expand the production capacity
of engineering tires in the United States.
2.
The United States reduced the import tax rate
of engineering tires in Sri Lanka.

In terms of spot: the 16-year quotation of state-owned whole milk (Yunxiang) in the Shanghai market is 10000-10050 (-50/-50) yuan / ton; Vietnam 3L quotation 10400 (-50) yuan / ton; Thailand No.
3 tobacco flakes 12300 (-100) yuan / ton
.
Thai Hat Yai raw material market raw film 44.
15 (-0.
2) baht/kg; Tai San tobacco tablets 46.
03 (-0.
09) baht/kg; Field glue 43 (+0.
5) baht/kg; Cup gum 36.
5 (0) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 12600 (-100) yuan / ton; The market price of cis-butadiene rubber is 13400 (-100) yuan / ton
.

The recent weakening of rain in the production area is conducive to the increase in the
production of new rubber.
After the end of the export restriction policies of Thailand, Malaysia and India, domestic imports increased
significantly.

From the perspective of inventory, Qingdao Free Trade Zone inventory continued to grow, while exchange inventory and hidden inventory also showed that the future market is still facing greater inventory pressure
.
However, at present, the futures price of Shanghai rubber and mixed rubber are close to flat water, and the futures price is close to the psychological threshold of 10,000 yuan, and the futures price continues to have a slight lack of downward momentum, and the short-term recommendation of the main 1809 contract of Shanghai rubber is to trade
in the range of 10000-10700.