Rubber contracts reduced their positions and increased futures prices closed slightly lower

News: 1.
According to Longzhong Information, as of the week of August 13, the operating rate of semi-steel tire manufacturers was 66.
27%, up 1.
17% month-on-month and 3.
49% year-on-year; The operating rate of all-steel tire manufacturers was 72.
80%, flat from the previous month and up 26.
33%
year-on-year.
2.
In the first half of 2020, Thailand's natural rubber production decreased by 1.
8%
year-on-year.
3.
The Thai Cabinet approved the second phase plan
of 2.
4 billion rubber comprehensive price insurance.

Market quotation: Shanghai market 18-year state-owned full latex reported 11200 (+0) yuan / ton, Vietnam 3L reported 11200 (+50) yuan / ton, Thailand No.
3 tobacco film reported 13750 (+50) yuan / ton
.
Qingdao market STR20 stock spot reported 1380 (+0) US dollars / ton, Qingdao market STR20 August cargo reported 1385 (+0) US dollars / ton
.
Field glue for Hat Yai raw material market in Thailand 43 (+0) baht/kg; Cup gum 34.
1 (+0.
1) baht/kg
.
Domestic Yunnan Xishuangbanna glue into the dry rubber factory 9.
8-10.
1 yuan / kg, into the latex factory 10.
2 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 8000 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 226180 tons, - 740 tons; NR warehouse receipts 31,782 tons, - 202 tons
.

Main positions: RU2101 Top 20 long positions 97056, +177; short positions 149807, -1169; increase and decrease short, net space decrease
.

Summary: From the current fundamental point of view, the current Banna rainfall is frequent, and the raw materials are still small, but the purchase price of the dry rubber factory and the purchase price of the latex factory are close, the diversion of latex to dry rubber is reduced, and the situation of alternative planting indicators is still unclear; The rubber tapping work in Hainan production area is carried out normally, and the amount of full latex is expected to increase, but the situation of insufficient raw materials still exists
.
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 inside and outside the Qingdao Free Trade Zone continues to accumulate, and it is difficult to destock rubber during the peak supply season
.
In the downstream, orders in the export market and supporting markets are stable, and the rainy season in the south has passed, and the replacement market shipments are stable and good, supporting the overall operating rate
of manufacturers.
From the terminal point of view, the sales volume of heavy trucks is good, and the performance of tire supporting demand in the later period is expected to be better
driven by infrastructure.