Rubber increase in holdings continued the previous day's rally

News: 1.
According to Longzhong Information statistics, as of the week of April 30, the operating rate of domestic semi-steel tire manufacturers was 50.
50%, down 7.
58% month-on-month and 15.
49% year-on-year; The operating rate of all-steel tire manufacturers was 60.
59%, down 4.
17% month-on-month and 10.
57%
year-on-year.
2.
China's heavy-duty truck market sales in April were 180,000 units, a year-on-year increase of 52%.

3.
In the first quarter, U.
S.
tire imports fell 4% year-on-year and imports from China fell 22.
4%.

Market quotation: Shanghai market 18-year state-owned full latex reported 10200 (+450) yuan / ton, Vietnam 3L reported 10500 (+400) yuan / ton, Thailand No.
3 tobacco film reported 12650 (+500) yuan / ton
.
Qingdao market STR20 stock spot reported 1180 (+35) US dollars / ton, Qingdao market STR20 May cargo reported 1180 (+35) US dollars / ton
.
Thai Hat Yai raw material market raw film 37.
03 (+0) baht/kg; Tai San Film 39.
8 (+0.
3) baht/kg; field glue 38.
6 (-0.
6) baht/kg; Cup glue 26.
7 (-0.
2) baht/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 7500 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 236180 tons, + 700 tons; NR warehouse receipt 71286 tons, + 605 tons
.
Main positions: RU2009 top 20 long positions 87551, + 6555; short positions 132042, + 6518; long and short increased, net short decreased
.

Summary: From the current fundamental point of view, Yunnan and Hainan production areas sporadical cutting, new rubber production is less, raw material prices temporarily maintain a stable state, it is expected that the overall large-scale cutting will be in mid-May, the phenology of Thai production areas is more normal, under government subsidies, the later supply is more stable
.
In the downstream, the sales pressure of semi-steel tires has further increased recently, and tire manufacturers have started or continued to decline
.
However, from the terminal point of view, the sales of heavy trucks in April rose sharply month-on-month, and the demand for tire supporting in the later period was better
driven by infrastructure.
From the perspective of the market, the RU2009 contract continued the previous day's rally, focusing on the 10550 first-line pressure in the short term, and it is recommended to trade in the 10180-10550 range; The NR2006 contract is recommended to trade
in the 8260-8700 range for short term.