Shanghai rubber contract opened low and fluctuated, and the futures price closed lower at the end of the day

News: 1.
According to Longzhong Information, as of the week of April 8, the operating rate of domestic semi-steel tire manufacturers was 73.
37%, up 0.
17% month-on-month and 12.
30% year-on-year; The operating rate of all-steel tire manufacturers was 78.
39%, up 0.
36% month-on-month and 13.
90%
year-on-year.
2.
According to the Thai Maritime Merchants Association, Thailand's export growth rate in 2021 is estimated to be between 4-5%, which is still a concern about the international logistics situation, which may affect the performance of
Thailand's exports and investment.
3.
Many Chinese ministries and commissions decided to jointly organize a new round of new energy vehicle rural activities
.

Market quotation: Shanghai market 19-year state-owned full latex reported 12800 (-350) yuan / ton, Vietnam 3L reported 12600 (-300) yuan / ton, Thailand No.
3 tobacco film reported 19300 (-300) yuan / ton
.
Qingdao market STR20 stock spot reported 1640 (-30) US dollars / ton, Qingdao market STR20 April cargo reported 1635 (-30) US dollars / ton
.
Hainan state-owned glue into the whole dairy plant 11500 (-500) yuan / ton, into the concentrated dairy plant 15500 (+0) yuan / ton
.
On April 13, Thailand's Songkran/Songkran Festival, Hat Yai Raw Material Market is closed
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 14200 (+0) yuan / ton; The market price of cis-butadiene rubber is 13000 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 171840 tons, - 150 tons; NR warehouse receipts 56165 tons, - 202 tons
.

Main positions: RU2109 Top 20 long positions 103067, -816; short positions 139100, -1511; long and short are reduced together, net space is reduced
.

Summary: On the supply side, the domestic Yunnan production area affected by powdery mildew is expected to be fully cut in mid-to-late April, and only some areas are currently sporadically cut, and the higher purchase price boosts the enthusiasm of rubber farmers to tap rubber; Hainan production area is fully cut but has not yet been significantly increased, and the price of Hainan state-owned glue into the concentrated milk plant is far higher into the whole milk plant, considering that the supply of raw materials in the early stage of cutting is small, and will still face concentrated milk diversion, it is difficult to increase the production of whole milk rapidly
.
Downstream, the recent domestic tire factory operating rate overall stable, Shandong region launched a new round of environmental inspection, the impact on the factory start has not yet appeared, the current factory export orders are sufficient, but domestic sales are slightly weak, manufacturers' inventory has rebounded slightly, will limit the continued improvement
of tire operating rate in the later period.
On the plate, the RU2109 contract opened low and fluctuated, focusing on the support around 13450 in the short term, and the NR2106 contract focusing on the support around 10500, it is recommended to wait and see for
the time being.