The probability of downward revision is not large

The opening price of the Nichijiao 1802 contract is 213.
6 yen/kg, the highest price is 217.
1 yen/kg, the lowest price is 212.
9 yen/kg, and the closing price is 215.
9 yen/kg; The trading volume was 1988 lots, and the position volume was 11435 lots
.

Domestic sales area market: Shanghai market, Yunnan 15-year full latex quotation of 12300 yuan / ton; Shandong market, Yunnan 15-year full latex quotation of 12300 yuan / ton; Hengshui market, Yunnan 15-year whole milk quotation 12000 yuan / ton, Yunnan market, 17-year full latex quotation 13200 yuan / ton
.

The warehouse receipts of natural rubber futures increased by 1420 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the previous period was reported at 375090.

Among them, Shanghai decreased by 770 tons, Yunnan decreased by 290 tons, Shandong increased by 80 tons, Tianjin increased by 300 tons, and Hainan increased by 2100 tons
.

The Shanghai rubber RU1801 contract was range-bound on Wednesday
.
From the 60-minute candlestick chart, the K-line oscillates near the short-term moving average, and the technical indicator MACD red bar continues; On the daily chart, the K-line oscillates near the 5-day moving average, and the technical indicator MACD green column continues to narrow
slightly.
The trading volume and position volume decreased, and the technical picture was weak
.
The top 20 members held positions, long orders 82148 (-404), short orders 117824 (-790), net short 35676 lots
.

In August, China exported 43.
9 million tires, down 2.
4% y/y and 1.
3%
m/m.
In terms of weight, tire exports were 557,000 tons, a slight decrease of 0.
1%
year-on-year.
Exports to the United States were 4.
69 million, down 2.
9% year-on-year, and there was no year-on-year increase in the first eight months of this year, down 3% month-on-month; The number of exports to the United States accounted for 10.
7%
of total exports.
By weight, tires were exported to the United States to 72,500 tons, an increase of 11% year-on-year, accounting for 13%
of total exports.

In terms of other major exporting countries, except for Brazil (up 37.
3% year-on-year, up 4.
2% month-on-month) and Australia (up 5.
1% year-on-year, up 7.
9% month-on-month), most countries experienced year-on-year declines
.
As of August, China exported 320 million tires, up 1.
7%
year-on-year.
Among them, exports to the United States decreased by 13.
8%
year-on-year.

We expect that today's day will be dominated by shock sorting, Shanghai rubber in the early stage of the sharp adjustment, the disk and spot need a certain amount of time to digest, at present, the spot is relatively firm, the probability of another sharp downward revision is not large, it is recommended that investors wait and see
.