Shanghai rubber contract rebound blocked, futures prices fell slightly

News: 1.
According to Longzhong Information, as of the week of July 22, the operating rate of domestic semi-steel tire sample manufacturers was 61.
54%, up 1.
56% month-on-month and down 4.
95% year-on-year; The operating rate of all-steel tire sample manufacturers was 65.
71%, up 2.
26% month-on-month and down 5.
91%
year-on-year.
2.
In the first half of 2021, Thailand's export volume increased by 21% year-on-year, while the mixed rubber decreased by 30%.

3
.
Turkey initiated an anti-dumping sunset review investigation on bicycles and motorcycle inner and outer tires originating in Vietnam.

Market quotation: Shanghai market 19 years state-owned full latex reported 12900 (+150) yuan / ton, Vietnam 3L reported 12600 (+50) yuan / ton
.
Qingdao market STR20 stock spot reported 1690 (+10) US dollars / ton, Qingdao market STR20 August cargo reported 1675 (+5) US dollars / ton
.
Qingdao area RMB Thai mix 12100 (+100) yuan / ton, RMB horse mix 12000 (+100) yuan / ton
.
Hainan state-owned glue into the whole dairy plant 12100 (+0) yuan / ton, into the concentrated dairy plant 12100 (+0) yuan / ton
.
The purchase price of glue from dry rubber factory in Yunnan production area refers to 11.
8-12.
1 (+0/+0) yuan/kg, and the purchase price of glue from concentrated dairy plant refers to 11.
8-12.
0 (+0/+0) yuan/kg
.
On July 26, the Three Treasures Buddha Festival is compensated, and the Thai Hat Yai raw material market is closed
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 13900 (+0) yuan / ton; The market price of cis-butadiene rubber is 14100 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 177230 tons, - 40 tons; NR warehouse receipts 42,437 tons, - 202 tons
.
Main positions: RU2109 top 20 long positions 93170, -2865; short positions 131863, -3409; long and short minus, net space reduction
.

Summary: At present, the global glue is in a seasonal production increase cycle, and the epidemic situation in the major rubber-producing countries in Southeast Asia is grim, and it is necessary to beware of supply risks
in the production area in the later stage.
The output of raw materials in domestic production areas is high, and the price of glue into the concentrated dairy plant and the full latex plant is flat, which is conducive to the increase of the amount of
full latex.
In terms of inventory, the bonded inventory in Qingdao has risen slightly recently, the speed of general trade inventory consumption has been significantly reduced, the rapid increase in 3L arrivals in Vietnam, and the accumulation range of light-colored rubber will increase
.
On the demand side, the early maintenance manufacturers resumed work, and the operating rate of domestic tire factories rebounded month-on-month last week, but considering the overall inventory pressure and environmental protection and other factors, the start of enterprises is still more cautious
.
On the market, the RU2109 contract reduced its position and closed lower, and it is recommended to trade in the 12950-13400 range in the short term; The NR2109 contract is recommended to trade
in the 10550-10900 range.