Shanghai rubber is strong and oscillating, and the night market is weaker

Night trading: RU1905 contract opening price 11325 yuan / ton, the highest price 11340 yuan / ton, the lowest price 11245 yuan / ton, the closing price 11260 yuan / ton; Down 65 yuan / ton, down 0.
57%.

The opening price of the Nippon 1905 contract is 165.
3 yen/kg, the highest price is 169.
4 yen/kg, the lowest price is 164.
8 yen/kg, and the closing price is 168.
9 yen/kg; The trading volume was 5599 lots, and the position volume was 10552 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 10200/10400 (0/0) yuan/ton; Hengshui market, Yunnan 17-year whole milk tax quotation 10600 (0) yuan / ton, Yunnan market, 17 years full latex quotation 10250 (0) yuan / ton
.

Qingdao bonded zone composite glue, mixed glue spot quotation: SMR20 compound, mixing 10100 (+100), STR20 compound, mixing 10100/10200 (+100/+100).

The warehouse receipts of natural rubber futures in the previous period increased by 8,090 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the previous period was reported at 331150 tons
.
Among them, Shanghai increased by 3210 tons, Yunnan increased by 1800 tons, Shandong increased by 3080 tons, Tianjin Ping, Hainan Ping
.

The Shanghai rubber RU1905 contract was on the strong side of the day on Thursday and weakened
overnight.
From the 60-minute K-line chart, the K-line returned below the short-term moving average, and the technical indicator MACD red bar narrowed; On the daily chart, the K line is above the 5-day moving average, and the technical indicator MACD red bar continues
.
The trading volume and position volume increased, and the technical situation was strong
.
The top 20 members held positions, long orders 69675 (+4060), short orders 101925 (+5694), net short 32250 lots
.

【Viewpoint and operation suggestions】

In January and November, Vietnam exported 180,000 tons of natural rubber, an increase of 23.
6% year-on-year and a month-on-month decrease of 1.
4%.

Exports of natural rubber to China this month were 130,000 tons, up 24% year-on-year and 0.
3%
month-on-month.
In the first 11 months, Vietnam exported 1.
392 million tons of natural rubber, a year-on-year increase of 14.
8%.

Exports to China were 920,000 tons, a year-on-year increase of 17.
5%.

As of the close of the night session, the surface premium mixed spot was 790-890 yuan / ton
.
Exchange warehouse receipts are registered centrally, and the increase is obvious
.
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
.
Affected by the Sino-US trade dispute, the decline in tires exported to the United States was obvious
.
Thailand said it would reduce the total area under cultivation and increase domestic consumption, and planned to pave rubber roads
for 80,000 villages.
The Sino-US trade dispute has been temporarily suspended, global supply has gradually entered the off-season, Thailand's raw materials have risen steadily, and the momentum of Shanghai rubber continues to decline has weakened, but the upside should not be too high, the uncertainties in the peripheral market have eased, the market sentiment is relatively more, overnight crude oil rose slightly, it is recommended that investors consider short around 11000, not chasing long
.