Shanghai rubber warehouse reduction and shrinkage supply pressure is still obvious

News: In January and February, Thailand's natural rubber exports fell by 6% year-on-year, and mixed rubber exports increased by 35.
6%
year-on-year.
2.
China imported 107,000 tons
of natural rubber in February.
3.
Linglong Tire officially launched the Serbian plant project
.

Market quotation: the quotation of state-owned whole milk (Yunxiang) in the Shanghai market for 17 years was 11150 (-100) yuan / ton; Vietnam's 3L quotation is 11250 (-100) yuan / ton; Thailand No.
3 tobacco tablets 13000 (-100) yuan/ton; Yunnan 18 years full latex 11600 (0) yuan / ton
.
Thai Hat Yai raw material market raw film 49.
55 (+0.
06) baht/kg; Tai San tobacco tablets 54.
1 (0) baht/kg; Field glue 51.
5 (0) baht/kg; Cup glue 40 (0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11300 (0) yuan / ton; The market price of cis-butadiene rubber is 11400 (0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 421520 tons, -70 tons
.
Main positions: the top 20 long positions 60775, -3607; short positions 85879, -4239
.
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 plan of India, Malaysia and Thailand is about to be implemented, but the actual effect is limited
.
Recently, the domestic tire factory operation is generally good
.
Although China's rubber imports have recently declined year-on-year, from the perspective of inventory, exchange inventory and inventory outside the bonded zone have continued to increase, and the supply pressure is still obvious
.
Technically, the RU1905 contract fluctuates slightly around 11500, and short-term recommendations are to trade
in the 11400-11700 range.