Shanghai rubber increased its position and contracted its futures price to stop falling and stabilize

News: 1.
According to the First Commercial Vehicle Network, in March 2021, China's heavy-duty truck market is expected to sell about 220,000 models of various types, a sharp increase of 86% month-on-month and a sharp increase of 83%
year-on-year.
The sales volume of heavy-duty trucks in March 2021 set a new historical record
for sales in the heavy-duty truck market in March.
2.
RAOT signed a memorandum of cooperation with a rubber company to improve the management of
fresh latex.
3.
The Thai Cabinet launched a container subsidy of 1,000 baht per container for three months
.

Market quotation: Shanghai market 19 years state-owned full latex reported 13350 (+0) yuan / ton, Vietnam 3L reported 13050 (+100) yuan / ton, Thailand No.
3 tobacco film reported 19650 (+100) yuan / ton
.
Qingdao market STR20 stock spot reported 1700 (-35) US dollars / ton, Qingdao market STR20 April cargo reported 1690 (-40) US dollars / ton
.
Hainan state-owned glue into the whole dairy plant 12500 (+0) yuan / ton, into the concentrated dairy plant 15000 (+0) yuan / ton
.
Field glue in Hat Yai raw material market in Thailand 62.
2 (-0.
3) baht/kg; Cup gum 43.
5 (+0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 14400 (+0) yuan / ton; The market price of cis-butadiene rubber is 13700 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 172130 tons, +0 tons; NR warehouse receipts 58,625 tons, - 403 tons
.
Main positions: RU2109 Top 20 long positions 76308, - 245; short positions 107797, + 464;

Summary: From the supply side, the current global production of tianjiao is in a seasonal low production period, and the domestic Yunnan production area is affected by drought and powdery mildew.
Some areas of Hainan production area are cut ahead of schedule, but the price of Hainan state-owned glue into the concentrated milk plant is far higher and the water enters the whole milk plant, considering that the supply of raw materials in the early stage of cutting is small, and it will still face concentrated milk diversion, and it is difficult to increase the production of whole milk rapidly
.
From a downstream point of view, the operating rate of domestic tire factories last week was slightly increased month-on-month, and the current factory export orders were sufficient, and the inventory of finished products was low
.
The rise in raw materials has led to an increase in the price of finished tires, but the terminal market has started relatively slowly, the price increase transmission is not smooth, and the inventory of dealers is rising
.
On the market, the RU2109 contract price stopped falling and stabilized, focusing on the pressure around 14300 in the short term, and it is recommended to trade in the 13950-14300 range; The NR2106 contract is eyeing pressure around 11300 and is recommended to trade
in the 10850-11300 range.