Shanghai rubber position reduction and shrinkage The futures price continued to have a slightly insufficient downward momentum

News: 1.
China's natural rubber imports in the first five months fell 23%
year-on-year.
2.
In the first half of the year, Thailand's exports of natural rubber and mixed rubber increased by 10.
7% year-on-year, and exports to China increased by 8%.

In terms of spot: the 16-year quotation of state-owned whole milk (Yunxiang) in the Shanghai market was 9850 (+50) yuan / ton; Vietnam's 3L quotation is 10300 (-50) yuan/ton; Thailand No.
3 tobacco flakes 12250 (0) yuan / ton
.
Thai Hat Yai raw material market raw film 42.
89 (-0.
3) baht/kg; Tai San tobacco tablets 44.
51 (-0.
68) baht/kg; Field glue 42 (-1) baht/kg; Cup glue 36 (0) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 12500 (0) yuan / ton; The market price of cis-butadiene rubber is 13400 (0) 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.