Shanghai rubber came under pressure and futures prices closed slightly lower

In terms of news, 1.
The Ministry of Commerce launched an anti-dumping investigation
on imported EPDM rubber originating in the United States, South Korea and the European Union.
2.
Affected by rising costs, Kumho radial tires began to increase prices
from July 1.
3.
U.
S.
auto inventories in May hit the lowest level
this year.

Market quotation, Shanghai market 17-year state-owned whole milk (cloud elephant) quotation at 11350 (-150) yuan / ton; Vietnam's 3L quotation is 11750 (-50) yuan / ton; Thailand No.
3 tobacco tablets 13150 (-50) yuan/ton; Yunnan 18 years full latex 11650 (-100) yuan / ton
.
The purchase price of natural rubber fresh glue and dry rubber of Hainan state-owned rubber processing plant remained stable at 11200 yuan / ton
.
Thai Hat Yai raw material market raw film 56.
69 (+0) baht/kg; Tai San tobacco tablets 59.
05 (+0.
36) baht/kg; field glue 52.
5 (+0) baht/kg; Cup glue 42.
5 (-0.
2) baht/kg
.
Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 10400 (-100) yuan / ton; The market price of cis-butadiene rubber is 11000 (+0) yuan / ton
.

Warehouse receipt inventory, warehouse receipt 415630 tons, -100 tons
.
Main positions: Top 20 long positions 103374, +2666, short positions 138417, +3793
.
Long and short increase at the same time, headroom increases
.

At present, domestic and foreign production areas are in the rubber tapping period, and the supply is gradually increasing
.
In terms of imports, the inspection policy of mixed rubber may be relaxed, which may promote the import
of mixed rubber.
From the perspective of inventory, inventory outside the bonded zone has continued to decline recently, but exchange inventory is still at a high level
.
On the demand side, the recent domestic tire factory operation has remained generally good, but this year's export decline has been obvious, and domestic consumption has gradually entered the off-season, and the demand for the future market is not optimistic
.
Technically, the RU1909 contract is under pressure to the downside, focusing on support around 11500 in the short term, and it is recommended to trade
in the 11500-11750 range.