Shanghai rubber contracts fluctuated in a narrow range, and the futures price fell slightly

News: 1.
According to foreign media reports, according to figures released by the Malaysian Rubber Council (MRC) in early June, Malaysia's exports of rubber and rubber products increased by 169.
6% in the first quarter of 2021 to 21.
84 million ringgit (about 5 million US dollars).

MRC estimates that global demand for rubber gloves will maintain a growth
of 12% to 15% in 2021.
2.
Northeast India will gradually increase rubber planting
by 200,000 hectares.

Market quotation: Shanghai market 19 years state-owned full latex reported 12600 (-100) yuan / ton, Vietnam 3L reported 12550 (-50) yuan / ton, Thailand No.
3 tobacco film reported 19250 (-100) yuan / ton
.
Qingdao market STR20 warehouse spot reported 1690 (-5) US dollars / ton, Qingdao market STR20 July cargo reported 1695 (-5) US dollars / ton
.
Hainan state-owned glue into the whole dairy plant 12200 (-300) yuan / ton, into the concentrated milk plant 12500 (-300) yuan / ton
.
The purchase price of glue of dry rubber factory in Yunnan production area refers to 12.
1-12.
5 (-0.
2/-0.
2) yuan/kg, and the purchase price of glue of concentrated latex plant refers to 12.
5/12.
8 (-0.
2/-0.
2) yuan/kg
.
Thailand Hat Yai raw material market field glue 52 (-1.
5) baht/kg; Cup glue 44.
8 (+0.
1) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 11900 (-300) yuan / ton; The market price of cis-butadiene rubber is 11500 (-200) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 175750 tons, - 200 tons; NR warehouse receipts 57889 tons, + 1108 tons
.
Main positions: RU2109 top 20 long positions 124149, -847; short positions 174866, -2555; long and short are reduced, net space is reduced
.

Summary: At present, the main producing areas at home and abroad have been cut one after another, and the raw materials in southern Thailand are constantly increasing, and Vietnam is about
90%.
The raw materials in Hainan production area continue to increase, and the price difference between glue into the concentrated dairy plant and the full latex plant is small, which is conducive to the volume of full latex; The amount of self-produced raw materials in Yunnan production area has steadily increased, but the supply of raw materials is not loose, and the phenomenon of raw material competition between processing plants still exists
.
In terms of inventory, as of June 6, China's natural rubber social inventory decreased by 2.
13% week-on-week and 18.
56% year-on-year, and the outbound warehouse of Qingdao general trade warehouse increased slightly month-on-month, and the digestion rate of Laoquan latex was still slow
.
On the demand side, manufacturers that stopped production due to thermal power plant maintenance and environmental protection factors in the early stage and factories that stopped work due to line maintenance have resumed work one after another, and the operating rate of tire factories rebounded
last week.
As the temperature rises, the replacement demand for all-steel tires may be expected to increase, but the peak period of summer electricity consumption is coming, and the factory may have a staggered peak production phenomenon, and the later start or maintain relatively stable operation
.
On the market, the RU2109 contract fluctuates in a narrow range, focusing on the support around 12920 in the short term, and it is recommended to trade in the 12920-13350 range; The NR2108 contract is recommended to trade
in the 10650-11000 range.