Rubber followed the surrounding market to stop falling and recover

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 (+50) yuan / ton, Vietnam 3L reported 10750 (+100) yuan / ton, Thailand No.
3 tobacco film reported 12600 (+50) yuan / ton
.
Qingdao market STR20 warehouse spot reported 1230 (-10) US dollars / ton, Qingdao market STR20 June cargo reported 1230 (-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 in North China 1502 market price 7900 (+0) yuan / ton; The market price of cis-butadiene rubber is 7700 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 231670 tons, -110 tons; NR warehouse receipt 61,155 tons, +302 tons
.

Main positions: RU2009 top 20 long positions 96190, -3651; short positions 144727, -3424; long and short are reduced, net short increases
.

Due to the continuous rainfall in the Thai production area and the shortage of rubber farmers, the output is relatively small, and although the current output of Banna raw materials is higher than the previous period, it is still in short supply
.
In terms of inventory, Qingdao's bonded inbound rate was greater than the outbound rate last week, and 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
.
From the perspective of the market, the RU2009 contract followed the surrounding market to stop falling and recover, and pay attention to the pressure
around 10500 in the short term.