Rubber contracts fell and rebounded, and futures prices closed slightly lower

News: 1.
According to Longzhong Information statistics, as of the week of May 8, the operating rate of domestic semi-steel tire manufacturers was 27.
66%, down 22.
84% month-on-month and 38.
05% year-on-year; The operating rate of all-steel tire manufacturers was 57.
31%, down 3.
28% month-on-month and 13.
71%
year-on-year.
2.
Vietnam's exports of tianjiao in April continued to decline
year-on-month.
3.
Indonesia's natural rubber exports in April continued to decline
year-on-month.

Market quotation: Shanghai market 18-year state-owned full latex reported 9900 (-200) yuan / ton, Vietnam 3L reported 10200 (-200) yuan / ton, Thailand No.
3 tobacco film reported 12350 (-200) yuan / ton
.
Qingdao market STR20 warehouse spot reported 1170 (-10) US dollars / ton, Qingdao market STR20 May cargo reported 1170 (-10) US dollars / ton
.
Thai Hat Yai raw material market Thai 39.
68 (-0.
27) baht/kg; field glue 38.
5 (+0.
2) baht/kg; Cup glue 27.
25 (-0.
25) baht/kg
.
Domestic Yunnan Xishuangbanna glue in 8.
5-8.
7 (+0/+0) yuan / kg, at present, Banna has not been cut in a large area, the price of raw materials is for reference only, a large range of cutting is expected in mid-May
.
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 234920 tons, - 170 tons; NR warehouse receipts 71,214 tons, - 404 tons
.
Main positions: RU2009 top 20 long positions 87284, - 169; short positions 134894, +641;

Summary: From the current fundamental point of view, Yunnan and Hainan production areas sporadical cutting, new rubber production is less, raw material prices temporarily maintain a stable state, it is expected that the overall large-scale cutting will be in mid-May, the phenology of Thai production areas is more normal, under government subsidies, the later supply is more stable
.
In the downstream, the domestic semi-steel tire operating rate fell sharply last week, mainly due to the moderate reduction of individual manufacturers during the May Day holiday, and the operating rate this week may usher in a recovery rise, but the recovery of overseas orders is still under great pressure
.
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 perspective of the market, the RU2009 contract is range-bound, and it is recommended to trade in the 10150-10500 range in the short term; The NR2007 contract is recommended to trade
in the 8300-8600 range for short term.