Shanghai rubber downward probe to pick up supply pressure is still obvious

News: In January and February, Thailand's natural rubber exports fell by 6% year-on-year, and mixed rubber exports increased by 35.
6%
year-on-year.
2.
Liberia's largest rubber factory cut 13%
of employees.
3.
Goodyear will upgrade two factories in Germany
.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11350 (-100) yuan / ton; Vietnam 3L quotation 11450 (-100) yuan / ton; Thailand No.
3 tobacco tablets 13200 (-100) yuan/ton; Yunnan 18 years full latex 11650 (-50) yuan / ton
.
Thai Hat Yai raw material market raw film 49.
6 (+0.
11) baht/kg; Tai San Tobacco Tablets 54.
05 (+0.
05) THB/kg; field glue 51.
3 (+0.
1) baht/kg; Cup gum 40.
5 (0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11300 (0) yuan / ton; The market price of cis-butadiene rubber is 11400 (0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 429330 tons, +480 tons
.
Main positions: top 20 long positions 62698, -587; short positions 85317, +1340
.
Reduce more and increase the short, and increase the headroom
.

At present, the global natural rubber producing areas have entered a low production period, and the rubber export tonnage of India, Malaysia and Thailand three countries plan to boost the Shanghai rubber market, but the actual effect is limited
.
Recently, the domestic tire factory operation is generally good
.
Although China's rubber imports continued to decline year-on-year in February, from the perspective of inventory, exchange inventory and inventory outside the bonded zone continued to increase, and the supply pressure was still obvious
.
Technically, the RU1905 contract has support under pressure, and it is recommended to trade
in the 11700-12200 range in the short term.