Shanghai rubber futures prices closed lower short-term focus on support near the previous low

News: 1.
The Thai Rubber Authority has promoted four stability maintenance measures to cope with the volatile pattern
of the rubber market.
2.
Passenger car association: Retail sales of passenger cars in the narrow sense in June are expected to be 1.
58 million units, down about 4.
8%
y/y.
3.
Thailand's exports of natural rubber in the first five months increased by 18% year-on-year, while mixed rubber decreased by 28%.

Market quotation: Shanghai market 19-year state-owned full latex reported 12700 (+0) yuan / ton, Vietnam 3L reported 12650 (+0) yuan / ton
.
Qingdao market STR20 warehouse spot reported 1685 (-5) US dollars / ton, Qingdao market STR20 July cargo reported 1685 (-5) US dollars / ton
.
Qingdao area RMB Thai mix 12100 (+0) yuan / ton, RMB horse mix 12000 (+0) yuan / ton
.
Hainan state-owned glue into the whole dairy plant 12200 (-100) yuan / ton, into the concentrated dairy plant 12100 (-200) yuan / ton
.
The purchase price of glue from dry rubber factory in Yunnan production area refers to 11.
9-12.
3 (+0/+0) yuan/kg, and the purchase price of glue in concentrated dairy plant refers to 12.
0-12.
3 (+0/+0) yuan/kg
.
Field glue in Hat Yai raw material market in Thailand 49.
5 (+0) baht/kg; Cup glue 43.
5 (-0.
05) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 12400 (+0) yuan / ton; The market price of cis-butadiene rubber is 12100 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 174820 tons, +0 tons; NR warehouse receipts 52,828 tons, - 202 tons
.
Main positions: RU2109 Top 20 Long Positions 110746, +1563; Short Positions 159529, +3168; Long and Short Increase, Net Margin Increase
.

Summary: At present, it is in the global seasonal production increase cycle of tianjiao, the weather in the main production areas is normal, and the raw
materials continue to increase.
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, the cutting rate of Banna was about 8-90%, and the gum production of gum trees was basically normal, and rapid increments were expected
.
On the demand side, maintenance manufacturers resumed operation, and the operating rate of tire factories rebounded last week, but domestic and foreign sales were weak, and the inventory of finished products in factories was at a high level, superimposed on the "centennial of the founding of the party" approaching, and there was an expectation
of a decline in short-term operating rates.
On the market, RU2109 contracts increased positions and fell, short-term attention to the support near the previous low, it is recommended to trade
in the 12600-13000 range.