Rubber contracts rushed back down and futures prices closed slightly lower

News: 1.
According to Longzhong Information statistics, as of the week of April 23, the operating rate of semi-steel tire manufacturers was 58.
08%, down 1.
64% month-on-month and 7.
63% year-on-year; The operating rate of all-steel tire manufacturers was 64.
76%, up 0.
72% month-on-month and down 6.
40%
year-on-year.
2.
Thailand's exports of tianjiao in March and exports to China decreased
year-on-month.
3.
Thailand decided to extend the state of emergency decree until the end of
May.

Market quotation: Shanghai market 18-year state-owned full latex reported 9800 (+0) yuan / ton, Vietnam 3L reported 10100 (+0) yuan / ton, Thailand No.
3 tobacco film reported 12200 (+0) yuan / ton
.
Qingdao market STR20 stock spot reported 1160 (-5) US dollars / ton, Qingdao market STR20 April cargo reported 1160 (-4) US dollars / ton
.
Thai Hat Yai raw material market Taisan film 40.
26 (+0.
05) baht/kg; field glue 38.
8 (+0.
6) baht/kg; Cup gum 26.
8 (+0.
1) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China Market price 8100 (+0) yuan / ton; The market price of cis-butadiene rubber is 7800 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 236070 tons, +860 tons; NR warehouse receipts 68,665 tons, -605 tons
.
Main positions: RU2009 top 20 long positions 78581, +600; short positions 122580, +2662; long and short increased, net short increased
.

Summary: From the current fundamental point of view, the domestic Yunnan and Hainan production areas have postponed cutting, the phenology of the Thai production area is relatively normal, and the cutting
is sporadic in some areas.
In the downstream, the recent start of domestic semi-steel tire manufacturers fell slightly again, and the export market shipments are still sluggish, in order to control the inventory of finished products, some enterprises appropriately reduce the start of work; The start of all-steel manufacturers remained stable, and some enterprises had holiday plans due to the "May Day" holiday and moderately increased production
.
Near the end of the month, the inventory of individual manufacturers climbed, and some factories were expected to reduce the burden and maintenance at the end of the month, and it is expected that the operation of tire manufacturers will still decline
.
Due to the slow recovery of demand, rubber stocks in Qingdao have continued to rise recently, and the later destocking process may be longer
than in previous years.
From the perspective of the market, the RU2009 contract is facing 10100 first-line pressure above, and it is recommended to trade in the 9750-10100 range in the short term; The NR2006 contract is recommended to trade
in the 7850-8250 range.