Rubber continued to fluctuate slightly, and the futures price rose slightly at the end of the day

News: 1.
According to Longzhong Information statistics, as of the week of June 11, the operating rate of domestic semi-steel tire manufacturers was 56.
42%, down 3.
92% month-on-month and 11.
33% year-on-year; The operating rate of all-steel tire manufacturers was 64.
12%, down 6.
36% month-on-month and 8.
36%
year-on-year.
2.
In April 2020, Malaysia's production of tianjiao increased
year-on-year.
3.
Vietnam's exports of sky rubber and mixed rubber to China in May increased
sharply month-on-month.

Market quotation: Shanghai market 18-year state-owned full latex reported 10100 (+0) yuan / ton, Vietnam 3L reported 10750 (+0) yuan / ton, Thailand No.
3 tobacco film reported 12600 (+0) yuan / ton
.
Qingdao market STR20 warehouse spot reported 1235 (-5) US dollars / ton, Qingdao market STR20 June cargo reported 1235 (-5) US dollars / ton
.
Thai Hat Yai raw material market field glue 44 (+0) baht/kg; Cup glue 31.
25 (+0) baht/kg
.
Domestic Yunnan Xishuangbanna glue is 9.
5-9.
7 (+0/+0) yuan/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China Market price 8000 (+0) yuan / ton; The market price of cis-butadiene rubber is 7900 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 231520 tons, - 80 tons; NR warehouse receipts 59,946 tons, - 605 tons
.

Main positions: RU2009 top 20 long positions 99404, + 1899; short positions 147216, + 1968; long and short increased, net short increased
.

Summary: From the current fundamental point of view, the current output of Banna raw materials is higher than the previous period, but it is still in short supply
.
Continuous rainfall and shortage of rubber farmers in Thailand's production areas have affected relatively small production
.
In terms of inventory, Qingdao's bonded inbound rate was greater than the outbound rate last week, and the inventory inside and outside the region increased
slightly.
In the downstream, the operating rate of the domestic tire market fell last week, mainly because some tire companies in the Guangrao area of Shandong were affected by environmental protection inspections, and some tire companies stopped production for
about two days.
At present, the current situation of weak terminals in the domestic market is difficult to change, and it will take a long time for the export market to recover.

From the terminal point of view, the performance of tire supporting demand in the later period driven by infrastructure is expected to be better
.
From the perspective of the market, the RU2009 contract price continues to fluctuate and consolidate, and it is recommended to trade in the 10150-10500 range in the short term; The NR2009 contract is recommended to trade
in the 8600-8900 range for short term.