Rubber contracts rebounded and futures prices closed slightly higher

News: 1.
According to Longzhong information statistics, as of the week of August 27, the operating rate of domestic semi-steel tire manufacturers was 68.
10%, unchanged from the previous month and up 0.
62% year-on-year; The operating rate of all-steel tire manufacturers was 73.
09%, down 0.
60% month-on-month and up 7.
20%
year-on-year.
2.
In the first half of 2020, Shuangqian tires lost 205 million yuan
.
3.
Thailand's exports of natural rubber in July increased month-on-month, while mixed rubber declined
.

Market quotation: Shanghai market 18-year state-owned full latex reported 11800 (+50) yuan / ton, Vietnam 3L reported 11600 (+0) yuan / ton, Thailand No.
3 tobacco film reported 14750 (+50) yuan / ton
.
Qingdao market STR20 stock spot reported 1440 (+30) US dollars / ton, Qingdao market STR20 September cargo reported 1450 (+30) US dollars / ton
.
Thai Hat Yai raw material market field glue 45 (+1) baht/kg; Cup gum 37.
05 (+0.
3) baht/kg
.
Domestic Yunnan Xishuangbanna glue into the dry rubber factory 9.
9-10.
4 yuan / kg, into the latex factory 10.
85 yuan / kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 8200 (+200) yuan / ton; The market price of cis-butadiene rubber is 8100 (+100) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 214730 tons, +550 tons; NR warehouse receipts 29,565 tons, +1,009 tons
.

Main positions: RU2101 top 20 long positions 104935, -697; short positions 156107, -1550; long and short are reduced together, net space is reduced
.

Summary: From the current fundamental point of view, the current situation of more rainfall in Banna has improved, but the raw materials are still small, it is reported that the alternative planting indicators have been issued to various enterprises, and the current overseas rubber has entered the customs one after another, and the shortage of raw materials will be alleviated; Hainan rubber tapping work is carried out normally, and the output of new rubber can relatively meet the normal operation of the processing plant
.
The production capacity of new rubber in Southeast Asia was released, but Thailand's output did not reach the peak
due to the tight situation of glue workers.
In terms of inventory, the inventory outside the Qingdao Free Trade Zone continues to accumulate, and it is difficult to destock rubber during the peak supply season
.
In the downstream, tire manufacturers have generally shipped in the domestic market, good shipments in the export market and supporting markets, and the inventory of finished products of manufacturers is still high
.
Approaching the delivery month, the small volume of warehouse receipts is favorable to the futures price
.
On the plate, the RU2101 contract rebounded downward, and the pressure around 13000 above was greater, and it was recommended to trade in the 12600-13000 range in the short term; The NR2011 contract is recommended to trade
in the 9640-9950 range for short term.