Shanghai rubber reduced its position and released the futures price and closed down

News: In January and April, Malaysia's tianjiao production fell by more than 20% year-on-year
.
In February and April, US natural rubber imports fell by 12.
2%
year-on-year.

Spot: the 16-year quotation of state-owned whole milk in the Shanghai market was 10300 (-400) yuan / ton; Vietnam's 3L quotation is 10650 (-450) yuan / ton; Thailand No.
3 tobacco flakes 12850 (-400) yuan / ton
.
Thai Hat Yai raw material market raw film 45.
97 (-0.
63) baht/kg; Tai San Tobacco Tablets 48.
1 (-0.
47) THB/kg; Field glue 46 (+0.
5) baht/kg; Cup gum 37.
5 (0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 12300 (-200) yuan / ton; The market price of cis-butadiene rubber is 12000 (-200) yuan / ton
.

With the continuous increase in production, the glue in the production area has dropped
significantly.
The export restriction policies of Thailand, Malaysia and India ended, and domestic imports increased
significantly.

From the perspective of inventory, Qingdao Free Trade Zone inventory ended the destocking in the past three months, and with the gradual increase in the supply of new rubber, the inventory still has a growing momentum; And from the perspective of exchange inventory and hidden inventory, the future market is still facing greater inventory pressure
.
The main 1809 contract of Shanghai rubber fell in panic today, falling below the 11000 mark support, short-term is not recommended to chase short, short-term trading
in the 10600-11300 range.