Shanghai rubber futures prices closed down, it is recommended to wait and see for the time being

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 years state-owned full latex reported 13150 (-100) yuan / ton, Vietnam 3L reported 12900 (-100) yuan / ton, Thailand No.
3 tobacco film reported 19600 (-100) yuan / ton
.
Qingdao market STR20 stock spot reported 1670 (-15) US dollars / ton, Qingdao market STR20 April cargo reported 1665 (-15) US dollars / ton
.
Hainan state-owned glue into the whole dairy plant 12000 (+0) yuan / ton, into the concentrated milk plant 15500 (+500) yuan / ton
.
Thailand Hat Yai raw material market field glue 58.
2 (-2) baht/kg; Cup glue 43.
15 (-0.
95) baht/kg
.
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 171990 tons, +0 tons; NR warehouse receipt 56367 tons, + 201 tons
.
Main positions: RU2109 Top 20 Long Positions 103951, +6393; Short Positions 140611, +3589; Long and Short Increase, Net Margin Decrease
.

Summary: From the supply side, the domestic Yunnan production area affected by drought and powdery mildew is expected to be fully cut in mid-to-late April, and only some areas are 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 protection supervision, the impact on the factory start has not yet appeared, the current factory export orders are sufficient, but domestic sales are slightly weak, dealer inventory is rising, manufacturers price increase policy implementation resistance
.
On the market, the RU2109 contract is weak downward, short-term focus on the support around 13450, NR2106 contract focuses on the support around 10200, it is recommended to wait and see for
the time being.