Shanghai rubber contracts rebounded downwards and futures prices closed slightly lower

News: 1.
General Administration of Customs: China's rubber imports in the first half of 2021 increased by 5.
2%
year-on-year.
2.
Thai Rubber Authority: "Lockdown" and "curfew" measures do not affect rubber tapping and rubber exports
.
3.
In May 2021, Malaysia's production of tianjiao increased
year-on-year.

Market quotation: Shanghai market 19-year state-owned full latex reported 12850 (-150) yuan / ton, Vietnam 3L reported 12600 (-100) yuan / ton
.
Qingdao market STR20 stock spot reported 1665 (+0) US dollars / ton, Qingdao market STR20 August cargo reported 1665 (+0) US dollars / ton
.
Qingdao area RMB Thai mix 12050 (+0) yuan / ton, RMB horse mix 11950 (+0) yuan / ton
.
Hainan state-owned glue into the whole dairy plant 12100 (-100) yuan / ton, into the concentrated dairy plant 11900 (-100) yuan / ton
.
The purchase price of glue in dry rubber factory in Yunnan production area refers to 12.
2-12.
5 (+0/+0) yuan/kg, and the purchase price of glue in concentrated dairy plant refers to 12.
3-12.
5 (+0/+0) yuan/kg
.
Field glue in Hat Yai raw material market in Thailand 44.
7 (+0.
2) baht/kg; Cup glue 43 (+0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 13400 (+0) yuan / ton; The market price of cis-butadiene rubber is 13500 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 176650 tons, +0 tons; NR warehouse receipt 51912 tons, - 232 tons
.
Main positions: RU2109 top 20 long positions 105910, + 1594; short positions 153649, + 387; long and short increased, net short decreased
.

Summary: At present, it is in the global seasonal production cycle of tianjiao, and the weather in the main producing areas is normal, but 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 areas in the later stage.
The output of raw materials in Hainan production area is high, and the glue into the thick dairy plant is discounted into the price of the full latex factory, which is conducive to the increase of the amount of full latex; The cutting rate in Yunnan production area continued to increase, and the gum production of gum trees was basically normal, and rapid increase was expected
.
In terms of inventory, after the continuous decline in pre-inventory inventory, the recent inventory decline has slowed
.
It is reported that the number of arrivals in July increased slightly compared with June, and the absolute number remained at a low level
.
On the demand side, domestic and foreign sales are weak, factory finished product inventory is high, early maintenance manufacturers partially postponed the resumption of work, last week the domestic tire factory operating rate continued to decline month-on-month, the recent is still dominated by digestion inventory, it is expected that the start is still at a low level
.
On the market, the RU2109 contract rebounded downward, and it is recommended to trade
in the 13150-13500 range in the short term.