Rubber contracts closed slightly higher, and futures prices continued to move sideways

News: 1.
According to Longzhong information statistics, as of the week of May 14, the operating rate of domestic semi-steel tire manufacturers was 50.
93%, up 23.
27% month-on-month and down 14.
78% year-on-year; The operating rate of all-steel tire manufacturers was 69.
61%, up 12.
30% month-on-month and down 1.
41%
year-on-year.
2.
Four departments: From July 1, the production of light vehicles
with the National V emission standard will be banned.
3.
In the first quarter, Thailand's natural rubber production increased by 6.
9%
year-on-year.

Market quotation: Shanghai market 18-year state-owned full latex reported 10000 (+0) yuan / ton, Vietnam 3L reported 10300 (+0) yuan / ton, Thailand No.
3 cigarette film reported 12450 (+0) yuan / ton
.
Qingdao market STR20 stock spot reported 1180 (+15) US dollars / ton, Qingdao market STR20 May cargo reported 1180 (+15) US dollars / ton
.
Thai Hat Yai raw material market Thai 39.
6 (-0.
09) baht/kg; field glue 39.
1 (+0.
2) baht/kg; Cup glue 27.
2 (-0.
05) baht/kg
.
Domestic Yunnan Xishuangbanna glue in 8.
6-8.
8 (+0/+0) yuan / kg, at present, Banna has not been cut in a large area, raw material prices are for reference
only.
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 7600 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 234700 tons, -10 tons; NR warehouse receipts 69,503 tonnes, -504 tonnes
.
Main positions: RU2009 top 20 long positions 87575, -343; short positions 135267, + 1378 minus long and short, net space increased
.

Summary: From the current fundamental point of view, Yunnan and Hainan production areas are sporadically cut, the production of new rubber is less, the price of raw materials remains stable for the time being, and the full opening is delayed than previously expected, which is expected to end May and early June; The phenology in the Thai production area is relatively normal, and under the government subsidy, the supply is relatively stable
in the later period.
In the downstream, the operating rate of domestic tire factories rose sharply last week, mainly due to the gradual resumption of work by stopped manufacturers during the "May Day" period, but semi-steel tires still face the problem of scarcity of overseas orders, and the later operating rate will be limited
in order to control finished product inventory.
From the perspective of terminals, the sales volume of heavy-duty trucks in April rose sharply month-on-month, and the demand for tire supporting in the later period was better driven by infrastructure
.
From the disk point of view, the RU2009 contract range is volatile, short-term focus on the 10150 line of support, it is recommended to trade in the 10150-10450 range; The NR2007 contract is recommended to trade
in the 8200-8550 range for short term.