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On Tuesday, the Shanghai rubber RU2109 contract reduced its position and contracted, and the futures price closed higher
.
The current price closed at 13915, +2.
69% from the previous trading day; Volume 429541 lots, position volume 229052 lots, -5557, basis -765; RU5-9 spread -255.
The NR2106 contract futures closed at 11010, +3.
09% from the previous session; The trading volume is 23293 lots, the position is 30564 lots, -1945; NR06-07 spread is -110
.
News: 1.
In the first quarter of 2021, sales in the European replacement tire market increased by 12.
3%.
2.
Passenger car sales in the EU in the first quarter increased by 3.
2%
y/y.
3.
Vietnam's exports of tianjiao and mixed rubber in the first quarter increased
year-on-year.
Market quotation: Shanghai market 19 years state-owned full latex reported 13150 (+300) yuan / ton, Vietnam 3L reported 12850 (+250) yuan / ton, Thailand No.
3 tobacco film reported 19550 (+350) yuan / ton
.
Qingdao market STR20 stock spot reported 1665 (-5) US dollars / ton, Qingdao market STR20 April cargo reported 1655 (-5) US dollars / ton
.
Hainan state-owned glue into the whole dairy plant 11500 (+0) yuan / ton, into the concentrated dairy plant 14700 (-300) yuan / ton
.
The price of glue in Jinghong area of Yunnan is 11.
8-12 yuan / kg, and the price of glue in Mengla area is 12.
3-12.
6 yuan / kg
.
Field glue in Hat Yai raw material market in Thailand 57.
5 (+0) baht/kg; Cup glue 42.
7 (-0.
1) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 13900 (+0) yuan / ton; The market price of cis-butadiene rubber is 12500 (+0) yuan / ton
.
Warehouse receipt inventory: RU warehouse receipt 174120 tons, - 20 tons; NR warehouse receipt 55893 tons, + 201 tons
.
Main positions: RU2109 Top 20 Long Positions 100815, - 2414; Short Positions 143850, - 3633; Long and Short Reduction, Net Shorting Reduction
.
Summary: On the supply side, northern Thailand has entered the cutting period, and the recent rainfall in the main production areas of the world is slightly more, which is conducive to the growth of
rubber trees.
Affected by powdery mildew in Banna area of Yunnan Province, the overall cutting rate is not high, and it is expected that the output will gradually increase in late April; Hainan production area is expected to be fully cut in late April, and the volume will be greatly increased in May, and the price of Hainan state-owned glue into the concentrated dairy plant has fallen recently, but it is still far higher into the whole dairy plant, the concentrated latex water flow is still the same, and it is difficult to increase the production of whole milk rapidly
.
Downstream, factory export market shipments slowed down, domestic sales were slightly weak, manufacturers' finished product inventories increased, and tire operating rates may decline slightly
.
After the continuous decline in prices in the early stage, the market's bearish sentiment brought about by the opening of production areas has been digested
.
On the market, the RU2109 contract reduced its position to the upside, and the market paid attention to the pressure around 14100, and it was recommended to trade in the 13800-14100 range in the short term; The NR2106 contract is eyeing pressure around 11150 and is recommended to trade
in the 10950-11150 range.
