Shanghai rubber low open after oscillation operation of high selling short idea operation

In terms of news, Russia's exports of synthetic rubber in May increased year-on-year and exports to China fell
year-on-year.

In terms of market, the 15-year quotation of state-owned whole milk in the Shanghai market is 13500-13600 (-300/-200) yuan / ton; Vietnam's 3L quotation is 13300 (-300) yuan / ton; 15 years Thailand No.
3 tobacco tablets 16100 (-100) yuan / ton
.
Thai Hat Yai raw material market raw film 52.
88 (-0.
44) baht/kg; Tai San tobacco tablets 56.
08 (-0.
72) baht/kg; Field glue 47 (0) baht/kg; Cup glue 43 (0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 11500 (+100) yuan / ton; The market price of cis-butadiene rubber is 11400 (+100) yuan / ton
.

Inventory situation, exchange inventory pressure continues to rise, although the recent Qingdao Free Trade Zone rubber inventory has fallen significantly, but still higher than the same period in the past two years
.
From the downstream situation, the operating rate of domestic all-steel tires and semi-steel tires increased month-on-month last week, but the momentum was still weak
.
At present, in July and August, it is difficult to increase the factory operating rate significantly under high temperature weather, and the finished product inventory of tire factories is gradually rising, which is also one of
the factors affecting the later operating rate.

Overall, under the cutting season, supply increase expectations and weaker demand will still restrict the rise in natural rubber market prices, 1709 contract recommended to pay attention to the pressure around 14500, high selling short idea operation
.