Shanghai rubber reduced its position and increased the futures price under pressure

News: 1.
IRCO: Cut the export of Tianjiao by 240,000 tons
since April 1.
2.
In 2019, US tire shipments may decrease by 0.
7%.

3.
Pirelli expands its Romanian plant
.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11650 (-250) yuan / ton; Vietnam's 3L quotation is 11550 (-150) yuan / ton; Thailand No.
3 tobacco flakes 13300 (-250) yuan/ton; Yunnan 18 years full latex 12000 (-100) yuan / ton
.
Thai Hat Yai raw material market raw film 47.
91 (+0.
14) baht/kg; Tai San tobacco tablets 50.
6 (-0.
4) baht/kg; field glue 50 (+1.
3) baht/kg; Cup glue 40.
5 (0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11700 (0) yuan / ton; The market price of cis-butadiene rubber is 11900 (0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 423150 tons, +1060, still at a high level
.
Main positions: the top 20 long positions 72466, -2142, short positions 97640, -3347
.
The shorts reduced their holdings by a large margin, and the headroom was reduced
.

At present, the global natural rubber production areas have entered a low production period
.
The rubber export reduction plan of the three countries of India, Malaysia and Thailand has boosted the Shanghai rubber market, but the actual effect remains to be seen
.
After the holiday, tire factories resumed work one after another, and the operating rate gradually recovered
.
Although China's rubber imports fell year-on-year in January, from the perspective of inventory, exchange inventories and stocks outside the bonded zone continued to increase, and the supply pressure was still obvious
.
Technically, the RU1905 contract is supported around 12120 below, and it is recommended to trade
in the 12120-12500 range in the short term.