Rubber contracts opened high and fluctuated, and market trading shrank

News: 1.
Passenger car retail sales in China in February fell by 80%
year-on-year.
In February and February, the national auto dealer inventory warning index increased by 27.
7%
year-on-year.
3.
According to Longzhong Information statistics, the operating rate of semi-steel tire manufacturers last week was 49.
32%, up 16.
16% month-on-month and down 8.
42% year-on-year; The operating rate of all-steel tire manufacturers was 53.
26%, up 16.
24% month-on-month and down 12.
65%
year-on-year.

Market quotation: Shanghai market 18-year state-owned full latex reported 10850 (+100) yuan / ton, Vietnam 3L reported 11100 (+100) yuan / ton, Thailand No.
3 tobacco film reported 13200 (+150) yuan / ton
.
Qingdao market STR20 stock spot reported 1340 (+0) US dollars / ton, Qingdao market STR20 January cargo reported 1350 (+0) US dollars / ton
.
Thai Hat Yai raw material market raw film 41.
83 (+0.
23) baht/kg; Tai San Tobacco Tablets 45.
26 (+0.
17) THB/kg; Field glue 42 (-0.
8) baht/kg; 33.
3 (+0.
3) THB/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 9800 (+0) yuan / ton; The market price of cis-butadiene rubber is 9800 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 238630 tons, - 90 tons; NR warehouse receipt 47801 tons, + 3226 tons
.
Main positions: RU2005 Top 20 long positions 64448, - 558; short positions 93562, + 1701;

Summary: At present, the world has entered a low production period, and the supply side has formed a support
for the futures price.
The recent domestic epidemic control performance is optimistic, downstream tire factories have recovered one after another, and the operating rate has rebounded significantly, but the start of terminal demand is slow, and the accumulation of inventory brought about by the increase in imports in the early stage will continue to pressure rubber prices
in the short term.