Shanghai rubber reduced its position and reduced its futures price and closed slightly higher

News: 1.
In September 2018, China's imports of natural and synthetic rubber fell by 8%
year-on-year.
In February and August, Japan's imports of Tianjiao increased by 16.
8%
year-on-year.

In terms of spot: the quotation of 17-year state-owned whole milk (Baodao) in the Shanghai market was 10850 (0) yuan / ton; Vietnam 3L quotation 10850 (-50) yuan / ton; Thailand No.
3 tobacco flakes 12600 (0) yuan/ton; Yunnan 18 years full latex 11400-11500 (0/0) yuan / ton
.
Thai Hat Yai raw material market raw film 40.
62 (+0.
34) baht/kg; Tai San tobacco tablets 42.
77 (+0.
15) baht/kg; Field glue 41 (0) baht/kg; Cup gum 36.
5 (0) baht/kg
.

Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 12200 (-100) yuan / ton; The market price of cis-butadiene rubber is 13600 (-300) yuan / ton
.

On the 11th, the enthusiasm of traders in Qingdao Free Trade Zone was lowered, the offer was scarce in the intraday stage, the enthusiasm of inquiry was acceptable, the difference between the trading price of Thai mixed and Thai standard narrowed, and the transaction price fell
overall.
The transaction price is as follows: Thai standard: near port 1340 US dollars / ton; Spot 1345-1350 US dollars / ton, down 15 US dollars / ton; 1355 US dollars / ton in November, down 20 US dollars / ton; In December, it was 1365 US dollars / ton, down 20 US dollars / ton
.
Thai mix: near port 1340 US dollars / ton, down 20 US dollars / ton; Spot 1345-1350 USD/ton; 1355 US dollars / ton in November, down 15 US dollars / ton; $1365/ton
in December.
Horse mix: 1320-1330 US dollars / ton
near port.

Inventories: futures inventories were 519,680 tons, down 140 tons
.

At present, the overall climate of the production area is relatively normal, and in the intermediate circulation link, although the latest statistics of Qingdao Free Trade Zone show a sharp decline in inventory, it is understood that there are factors
such as centralized outbound and statistical caliber adjustment.
In addition, the inventory of the previous period, outside the region and Yunnan production area is still at a high level, and the overall inventory pressure is still obvious
.

Downstream, the seasonal sales of tire factories tend to be better, and the increase in export tax rebates of tire products is beneficial to the tire industry, but the sales of heavy trucks are not optimistic
.
The short-term recommendation of the Shanghai rubber 1901 contract is to operate
in the 12000-12800 range.