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On Wednesday, the Shanghai rubber RU2109 contract increased its position, and the futures price closed lower
.
The current price closed at 13165, -1.
31% from the previous trading day; Deals 543052, open position 286979 lots, +16675, basis -465; RU9-1 spread -1135
.
The NR2108 contract futures closed at 10690, -1.
84% from the previous session; Volume 15513 lots, position 27130 lots, +1104; NR07-08 spread -160
.
News: 1.
RAOT insists that Thailand's rubber exports will not decline and will be produced
normally according to continuous orders.
2.
Vietnam found a new crown variant strain
.
3.
World Meteorological Organization: The 2020-2021 La Niña phenomenon has ended
.
Market quotation: Shanghai market 19 years state-owned full latex reported 12700 (-100) yuan / ton, Vietnam 3L reported 12600 (-100) yuan / ton, Thailand No.
3 tobacco film reported 19450 (-50) yuan / ton
.
Qingdao market STR20 stock spot reported 1705 (+0) US dollars / ton, Qingdao market STR20 June cargo reported 1705 (+0) US dollars / ton
.
Hainan state-owned glue into the whole dairy plant 12400 (-200) yuan / ton, into the concentrated dairy plant 12500 (-200) yuan / ton
.
The purchase price of glue from dry rubber factory in Yunnan production area refers to 12.
2-12.
7 (0/-0.
1) yuan/kg, and the purchase price of glue from concentrated dairy plant refers to 12.
8 (+0) yuan/kg
.
Thailand Hat Yai raw material market field glue 55 (-1.
5) baht/kg; Cup glue 44.
7 (+0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 12200 (+0) yuan / ton; The market price of cis-butadiene rubber is 11700 (+0) yuan / ton
.
Warehouse receipt inventory: RU warehouse receipt 176250 tons, +0 tons; NR warehouse receipt 55,370 tons, - 100 tons
.
Main positions: RU2109 Top 20 Long Positions 129521, +6640; Short Positions 182950, +6832;
Summary: At present, the main producing areas at home and abroad have been cut one after another, but the rainfall in the main producing areas has increased, and the amount of cutting in the southern production areas of Thailand is not as expected, but the epidemic has led to the closure of some glove factories and the price of glue has fallen
.
The high temperature and secondary budding of gum trees in Hainan production area affect the output, and the overall cutting in Yunnan production area is about 60%, and it is expected to enter the high cutting period in mid-to-early June, and the epidemic prevention measures are still strict, and the replacement indicators are not clearly issued
.
In terms of inventory, China's natural rubber social inventory continued to decline week-on-week, Qingdao's general trade inventory digestion exceeded expectations, and the speed of warehouse reduction increased
.
On the demand side, the current tire finished product inventory is at a year-on-year high, in order to alleviate the pressure on inventory, the factory moderately restricted production, coupled with environmental protection, thermal power plant maintenance and other factors, last week tire factory operating rate fell sharply month-on-month, short-term start or difficult to significantly improve
.
On the plate, the RU2109 contract fell under pressure, focusing on support around 13000 in the short term
.