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On Wednesday, the rubber RU2009 contract rebounded, and the futures price continued to be volatile
.
The current day price closed at 10325, +0.
24% from the previous trading day; Volume 168816 lots, position volume 213532 lots, +1981, basis -225; RU9-1 spread -1290
.
The NR2009 contract futures closed at 8710, -0.
29% from the previous session; Volume 3606 lots, position volume 17970 lots, +200; NR8-9 spread -105
.
News: 1.
According to Longzhong Information statistics, as of the week of June 11, the operating rate of domestic semi-steel tire manufacturers was 56.
42%, down 3.
92% month-on-month and 11.
33% year-on-year; The operating rate of all-steel tire manufacturers was 64.
12%, down 6.
36% month-on-month and 8.
36%
year-on-year.
2.
In April 2020, Malaysia's production of tianjiao increased
year-on-year.
3.
Vietnam's exports of sky rubber and mixed rubber to China in May increased
sharply month-on-month.
Market quotation: Shanghai market 18-year state-owned full latex reported 10100 (+0) yuan / ton, Vietnam 3L reported 10750 (+0) yuan / ton, Thailand No.
3 tobacco film reported 12600 (+0) yuan / ton
.
Qingdao market STR20 warehouse spot reported 1240 (+10) US dollars / ton, Qingdao market STR20 June cargo reported 1240 (+10) US dollars / ton
.
Thai Hat Yai raw material market field glue 44 (+0) baht/kg; Cup glue 31.
25 (+0) baht/kg
.
Domestic Yunnan Xishuangbanna glue is 9.
5-9.
7 (+0/+0) yuan/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China Market price 8000 (+100) yuan / ton; The market price of cis-butadiene rubber is 7900 (+200) yuan / ton
.
Warehouse receipt inventory: RU warehouse receipt 231600 tons, -70 tons; NR warehouse receipt 60,551 tons, -604 tons
.
Main positions: RU2009 top 20 long positions 97738, +2076; short positions 145248, +521; long and short increased, net space decreased
.
From the current fundamental point of view, the current output of Banna raw materials is higher than the previous period, but it is still in short supply
.
Continuous rainfall and shortage of rubber farmers in Thailand's production areas have affected relatively small production
.
In terms of inventory, Qingdao's bonded inbound rate was greater than the outbound rate last week, and the inventory inside and outside the region increased
slightly.
In the downstream, the operating rate of the domestic tire market fell last week, mainly because some tire companies in the Guangrao area of Shandong were affected by environmental protection inspections, and some tire companies stopped production for
about two days.
At present, the current situation of weak terminals in the domestic market is difficult to change, and it will take a long time for the export market to recover.
From the terminal point of view, the performance of tire supporting demand in the later period driven by infrastructure is expected to be better
.