Rubber short-term pressure shock rebound idea treated

Domestically, the increase in production in Hainan led to a decrease in the purchase price of glue, while Yunnan's production was still tight, especially the price of concentrated milk folding and drying was higher than that of whole milk, resulting in high prices of glue flowing into latex factories, and the output of dry rubber factories was small, and automobile production and sales reached 2.
325 million and 2.
3 million units, respectively, up 6.
3% and 4.
8% month-on-month, and 22.
5% and 11.
6%
year-on-year, respectively.

From January to June, vehicle production totaled 10.
112 million units, down 16.
8% y/y, and sales totaled 10.
257 million units, down 16.
9
% y/y.
The recovery of automobile production and sales is mainly due to passenger cars
.
After the epidemic, residents were encouraged to buy private cars, driving the production and sales
of passenger cars.

From the current fundamental point of view, the current Banna rubber tapping overall tends to normal, but the situation of less raw materials still exists, the competition between processing plants for raw material procurement is obvious, latex diversion part of the dry rubber production capacity, the current alternative planting indicators Puer, Xishuangbanna, Kunming has announced the quota, it is reported that the indicator is more likely to be issued on August 10, when the domestic supply tension is expected to be eased
.
New rubber production capacity released in Thailand, but rainfall may have an impact
on rubber tapping.

In the downstream, the recent increase in the number of finished product inventory days of tire factories, and the gradual increase in export shipments, which is a good guide for manufacturers to start work, but there are multiple uncertainties in the overseas epidemic, and the growth rate of export market shipments slows down in the short term; There is no obvious increase in the domestic market, and the market just needs to take goods
.
From the terminal point of view, the sales volume of heavy trucks is good, and the performance of tire supporting demand in the later period is expected to be better
driven by infrastructure.

Rubber futures trend weak down, combined with the recent inventory and its future market supply and demand rubber grinding bottom adjustment, the operation around 12200-12300 bargain operation long order, that is, the hourly line 20-day moving average, rolling operation, gradually move profit protection
.