Rubber increase in position, futures price shock closed down

News: 1.
According to Longzhong statistics, as of the week of June 24, the operating rate of domestic semi-steel tire manufacturers was 67.
61%, up 0.
82% month-on-month and down 3.
68% year-on-year; The operating rate of all-steel tire manufacturers was 70.
64%, up 0.
31% month-on-month and down 2.
37%
year-on-year.
2.
Thailand's exports of tianjiao in May continued to decline year-on-year, while the exports of mixed rubber to China increased
.
3.
The U.
S.
Department of Commerce launched a double-reverse investigation
of tires produced in Thailand, Vietnam, South Korea and Taiwan.

Market quotation: Shanghai market 18-year state-owned full latex reported 10000 (-200) yuan / ton, Vietnam 3L reported 10750 (-100) yuan / ton, Thailand No.
3 tobacco film reported 12450 (-200) yuan / ton
.
Qingdao market STR20 warehouse spot reported 1240 (-10) US dollars / ton, Qingdao market STR20 June cargo reported 1240 (-10) US dollars / ton
.
Field glue in Hat Yai raw material market in Thailand 44.
3 (+0) baht/kg; Cup gum 32.
2 (+0.
1) 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 8200 (+0) yuan / ton; The market price of cis-butadiene rubber is 8200 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 229840 tons, +250 tons; NR warehouse receipts 51,076 tons, -1,311 tons
.
Main positions: RU2009 Top 20 Long Positions 101104, +9343; Short Positions 149243, +9404; Long and Short Increase, Net Short Increase
.

Summary: 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 a state of shortage, and it is heard that alternative planting raw materials are likely to enter in late July
.
The production capacity of new rubber in the Thai production area was released, and the raw materials in the production area were gradually increased
.
In terms of inventory, as of June 19, Qingdao's bonded warehousing rate was greater than the outbound rate, and the inventory inside and outside the region was about +1.
2%
month-on-month.
In the downstream, the operating rate of the domestic tire market rebounded slightly last week, and the epidemic situation in many foreign places was gradually controlled, with the increase in export orders; The growth of terminal demand in the domestic replacement market is weak, and dealers are bearish on the future market, and their willingness to purchase is not strong
.
However, from the terminal point of view, the performance of tire supporting demand in the later period driven by infrastructure is expected to be better
.
On the plate, RU2009 contracts increased positions downward, futures prices fell below the previous support, short-term attention to the support near the 10000 integer mark, NR2009 contract focus on support around 8430, it is not recommended to chase short in operation, and the shock idea is treated
.