Shanghai rubber high opening oscillation short-term or continuation range wave dynamic potential

News: 1.
The Ministry of Commerce launched an anti-dumping investigation
on imported EPDM rubber originating in the United States, South Korea and the European Union.
2.
Affected by rising costs, Kumho radial tires began to increase prices
from July 1.
3.
U.
S.
auto inventories in May hit the lowest level
this year.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11500 (+0) yuan / ton; Vietnam 3L quotation 11800 (+0) yuan / ton; Thai No.
3 tobacco tablets 13200 (+0) yuan/ton; Yunnan 18 years full latex 11750 (+0) yuan / ton
.
The purchase price of natural rubber fresh glue and dry rubber of Hainan state-owned rubber processing plant remained stable at 11200 yuan / ton
.
Thai Hat Yai raw material market raw film 56.
69 (+0) baht/kg; Tai San tobacco tablets 58.
69 (-0.
39) baht/kg; field glue 52.
5 (+0) baht/kg; Cup gum 42.
7 (+0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10500 (+0) yuan / ton; The market price of cis-butadiene rubber is 11000 (-300) yuan / ton
.

Warehouse receipt stock: warehouse receipt 415730 tons, +440 tons
.
Main positions: Top 20 long positions 100708, -78, short positions 135434, +1035
.
Reduce more and increase the short, and increase the headroom
.

Summary: At present, domestic and foreign production areas are in the rubber tapping period, and the supply is gradually increasing
.
In terms of imports, I heard that the China Rubber Industry Association together with a number of tire enterprises and two rubber manufacturers negotiated with the General Administration of Customs to discuss the matter of mixing rubber
.
It is reported that the negotiation process between the two sides is good, and the inspection policy of mixed rubber may be relaxed, which may promote the import
of mixed rubber.
From the perspective of inventory, inventory outside the bonded zone has continued to decline recently, but exchange inventory is still at a high level
.
On the demand side, the recent domestic tire factory operation has remained generally good, but this year's export decline has been obvious, and domestic consumption has gradually entered the off-season, and the demand for the future market is not optimistic
.
Technically, the RU1909 contract opens high and oscillating, short-term or extended range volatility, it is recommended to trade
in the 11600-11900 range.