Shanghai rubber futures prices closed down, suppressed by the negative sentiment of the surrounding market

News: 1.
In the first quarter of 2021, Vietnam's tianjiao production increased by 1.
6% year-on-year to 119,000 tons
.
2.
According to Longzhong Information, as of the week of May 8, the operating rate of domestic semi-steel tire sample manufacturers was 54.
36%, down 15.
70% month-on-month and up 26.
70% year-on-year; The operating rate of all-steel tire sample manufacturers was 56.
59%, down 18.
19% month-on-month and 0.
72%
year-on-year.
3.
China Association of Automobile Manufacturers: April automobile production and sales increased by 6.
3% and 8.
6%
y/y, respectively.

Market quotation: Shanghai market 19-year state-owned full latex reported 13650 (+150) yuan / ton, Vietnam 3L reported 13350 (+150) yuan / ton, Thailand No.
3 tobacco film reported 20400 (+200) yuan / ton
.
Qingdao market STR20 stock spot reported 1765 (+5) US dollars / ton, Qingdao market STR20 May cargo reported 1755 (+5) US dollars / ton
.
Hainan state-owned glue into the whole dairy plant 12800 (+0) yuan / ton, into the concentrated milk plant 13000 (+0) yuan / ton
.
The purchase price of glue from dry rubber factory in Mengla area of Yunnan is 12.
9-13.
4 yuan / kg, and the purchase price of glue in thick milk plant is 13.
4-13.
7 yuan / kg
.
Field glue in Hat Yai raw material market in Thailand 65.
5 (+0) baht/kg; Cup glue 47 (+0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China market price 13300 (-300) yuan / ton; The market price of cis-butadiene rubber is 12200 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 176240 tons, + 100 tons; NR warehouse receipt 56458 tons, + 242 tons
.
Main positions: RU2109 Top 20 Long Positions 113158, +5306; Short Positions 174713, +1442; Long and Short Positions Increase, Net Margin Decrease
.

Summary: At present, the main producing areas at home and abroad have been cut one after another, the output of raw materials in Thailand is still small, and the price of Hat Yai raw materials remains firm
.
The cutting situation in Yunnan production area is not as expected, and the full-scale cutting is expected to be in late May and early June, and the purchase price of glue in the thick dairy plant is still higher than the purchase price of glue in the dry rubber plant; The rapid increase of raw materials in Hainan production area, and the weakening of concentrated milk demand is expected to narrow the price difference between glue into latex factory and whole milk plant, which is conducive to increasing
whole milk production.
On the demand side, the domestic sales and export demand of tires remained stable, but the replacement demand was weak, the inventory of finished products of manufacturers increased, and the overall start of construction or was suppressed
.
Suppressed by the bearish sentiment of the surrounding market, the RU2109 contract fell under pressure, focusing on the support around 13500 in the short term, and it is recommended to trade in the range of 13500-14150; The NR2107 contract is advised to focus on support around 10850 and is recommended to trade
in the 10850-11300 range.