Shanghai rubber increased its position and contracted its futures price closed lower

News: 1.
According to Malaysian media reports on May 30, with the implementation of the total lockdown from June 1 to 14, Malaysia has re-adopted the strict measures of the 1.
0 restriction order, allowing only 17 essential service areas and 12 types of factories to continue to operate
.
2.
A glove factory cluster infection in Trang Province, Thailand, was closed
.

Market quotation: Shanghai market 19-year state-owned full latex reported 12900 (-450) yuan / ton, Vietnam 3L reported 12750 (-450) yuan / ton, Thailand No.
3 tobacco film reported 19600 (-450) yuan / ton
.
Qingdao market STR20 warehouse spot reported 1715 (+0) US dollars / ton, Qingdao market STR20 June cargo reported 1715 (+0) US dollars / ton
.
Hainan state-owned glue into the whole dairy plant 12900 (-100) yuan / ton, into the concentrated dairy plant 13000 (-400) yuan / ton
.
The purchase price of glue from dry rubber factory in Mengla area of Yunnan is 12.
8-13.
1 yuan / kg, up 0.
1-0.
3 yuan / kg from last Friday, and the purchase price of glue in the thick dairy plant is 13.
3 yuan / kg, up 0.
1-0.
3 yuan / kg
from last Friday.
Field glue in Hat Yai raw material market in Thailand 59 (-4.
5) baht/kg; Cup glue 45.
7 (-0.
8) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China market price 12700 (+0) yuan / ton; The market price of cis-butadiene rubber is 12200 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 176300 tons, - 160 tons; NR warehouse receipt 54,564 tons, +0 tons
.
Main positions: RU2109 top 20 long positions 121550, + 8285; short positions 174085, + 4228; long and short increased, net space decreased
.

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 cutting situation in Yunnan Banna area gradually tends to normal, and the full cutting is expected in early June, and the phenomenon of raw material competition between processing plants still exists
.
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, in order to ease the pressure on inventory, factories moderately restricted production, coupled with environmental protection, thermal power plant maintenance and other factors, the tire factory operating rate fell sharply last week, short-term starts may be difficult to significantly increase, but this will also inhibit
the growth rate of finished product inventory.
On the market, the RU2109 contract increased its position and closed lower, focusing on the support around 13100 in the short term, and it is recommended to trade
in the 13100-13600 range.