Rubber futures prices fell sharply Short-term market volatility is large

News: 1.
General Administration of Customs: China's rubber imports in August increased by 30% year-on-year to 699,000 tons
.
2.
According to Longzhong Information, as of the week of September 3, the operating rate of domestic semi-steel tire sample manufacturers was 69.
77%, up 1.
67% month-on-month and 3.
81% year-on-year; The operating rate of all-steel tire sample manufacturers was 73.
90%, up 0.
81% month-on-month and 5.
52%
year-on-year.
In March and July, U.
S.
tire imports rose
for the second consecutive month.

Market quotation: Shanghai market 18 years state-owned full latex reported 11450 (-250) yuan / ton, Vietnam 3L reported 11250 (-200) yuan / ton, Thailand No.
3 tobacco film reported 15550 (-250) yuan / ton
.
Qingdao market STR20 warehouse spot reported 1430 (+0) US dollars / ton, Qingdao market STR20 September cargo reported 1435 (+0) US dollars / ton
.
Field glue for Hat Yai raw material market in Thailand 46.
3 (+0.
3) baht/kg; Cup glue 36.
1 (-0.
2) baht/kg
.
Domestic Yunnan Xishuangbanna glue into the dry rubber factory 10-10.
6 (+0/+0) yuan / kg, into the latex factory 10.
85 (-0.
1) yuan / kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 8500 (+0) yuan / ton; The market price of cis-butadiene rubber is 8300 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 212970 tons, - 210 tons; NR warehouse receipt 33003 tons, + 212 tons
.
Main positions: RU2101 top 20 long positions 97882, + 6284; short positions 147661, + 994; long and short increased, net space decreased
.

Summary: From the current fundamental point of view, Banna is still in the rainy season, frequent precipitation is not conducive to rubber tapping, and raw materials are still in a tight state
.
At present, overseas alternative planting index rubber has entered the customs one after another, and it is reported that most of them are mainly finished products; Hainan rubber tapping work is carried out normally, and the output of new rubber can relatively meet the normal operation of the processing plant
.
In terms of inventory, the inventory of Qingdao Free Trade Zone is basically stable, and it is difficult to destocking 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
.
The sales volume of the heavy-duty truck market continued to grow sharply year-on-year, showing strong demand for
terminals.
The September contract is close to delivery, and the low volume of warehouse receipts is favorable to the futures price
.
On the market, RU2101 and NR2011 contracts are affected by the external market, and the futures prices have fallen sharply, and the short-term market volatility is large, it is recommended to wait and see
for the time being.