Rubber opened low and closed slightly lower at the end of the day

News: 1.
According to Longzhong information statistics, as of the week of April 9, the operating rate of domestic semi-steel tire manufacturers was 61.
07%, down 3.
23% month-on-month and 6.
18% year-on-year; The operating rate of all-steel tire manufacturers was 64.
49%, down 2.
00% month-on-month and 7.
62%
year-on-year.
2.
Vietnam's exports of tianjiao in March fell year-on-year, and the export of mixed rubber to China fell by 50
% year-on-year.
3.
The Thai Rubber Authority will invest 35 billion baht to ease the pressure
on rubber farmers during the epidemic.

Market quotation: Shanghai market 18 years state-owned full latex reported 9800 (-50) yuan / ton, Vietnam 3L reported 10000 (-50) yuan / ton, Thailand No.
3 tobacco film reported 12100 (-50) yuan / ton
.
Qingdao market STR20 stock spot reported 1140 (-20) USD/ton, Qingdao market STR20 April cargo reported 1145 (-20) USD/mt
.
Thai Hat Yai raw material market raw film 36.
69 (-0.
86) baht/kg; Tai San tobacco tablets 39.
79 (+0) baht/kg; field glue 37 (+0.
6) baht/kg; Cup glue 26.
85 (+0.
15) 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 7600 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 235470 tons, - 220 tons; NR warehouse receipt 66850 tons, + 604 tons
.
Main positions: RU2009 top 20 long positions 77528, -865; short positions 118854, -1740; long and short minus, net space reduction
.

From the current fundamental point of view, the domestic Yunnan and Hainan production areas have delayed cutting, and overseas raw materials have fallen to historical lows
.
In the downstream, the operating rate of domestic tire factories has recently declined month-on-month, affected by the reduction of export orders and the slowdown in domestic shipments, some companies have begun to reduce negative control of finished product inventory, and the later operating rate is still likely
to decline.
In addition, the low price of crude oil has caused the price of synthetic rubber to follow the decline, which has a certain drag
on the price of natural rubber.
Due to the slow recovery of demand, rubber stocks in Qingdao have continued to rise recently, and the later destocking process may be longer
than in previous years.
Considering that the current international oil prices have stopped falling and stabilized, market sentiment has improved, and the space for rubber prices to continue to decline is limited, but the rebound lacks drive
.
RU2009 contracts are recommended to trade in the 9700-10150 range for short term; The NR2006 contract is recommended to trade
in the 7900-8300 range for short term.