Shanghai rubber rebounded and futures prices closed slightly lower

News: 1.
Malaysia's natural rubber production in January increased by 36%.

2.
In the first two months, Vietnam's tianjiao exports increased by 22.
4%.

3.
Guizhou Tire will invest 500 million US dollars to build a factory
in Vietnam.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11350 (0) yuan / ton; Vietnam 3L quotation 11400 (+50) yuan / ton; Thailand No.
3 cigarette tablets 13100 (0) yuan/ton; Yunnan 18 years full latex 11750 (0) yuan / ton
.
Thai Hat Yai raw material market raw film 48.
89 (+0.
77) baht/kg; Tai San tobacco tablets 53.
1 (+0.
1) baht/kg; Field glue 50.
75 (0) baht/kg; Cup glue 40 (0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11500 (0) yuan / ton; The market price of cis-butadiene rubber is 11700 (0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 426610 tons, +450 tons
.
Main positions: the top 20 long positions 70617, -1322, short positions 91623, -1917
.
Long and short are reduced together, and headroom is reduced
.

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 focuses on support for futures prices around 11700 below, and short-term recommendations are to trade
in the 11700-12200 range.