Shanghai rubber opened low and went high, and the futures price fluctuated and closed higher

News: The number of tires imported by the United States from China continued to shrink
in January and April.
2.
China Automobile Dealers Association: dealer inventory pressure is still above the warning line
.
3.
China's imports of natural and synthetic rubber from January to May fell by 3.
5%
year-on-year.

Market quotation: the quotation of 17 years of state-owned whole milk (cloud elephant) in the Shanghai market is 12000 (-50) yuan / ton; Vietnam 3L quotation 12400 (+0) yuan / ton; Thailand No.
3 tobacco tablets 13700 (-50) yuan/ton; Yunnan 18 years full latex 11900 (+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 55.
2 (+0.
15) baht/kg; Tai San Tobacco Tablets 59 (+0.
29) THB/kg; field glue 51.
8 (+0.
5) baht/kg; Cup gum 42.
5 (+0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11000 (+0) yuan / ton; The market price of cis-butadiene rubber is 11700 (+0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 414840 tons, -90 tons
.
Main positions: Top 20 long positions 112361, +6949, short positions 141158, +4110
.
Long and short increase together, headroom decreases
.

Summary: At present, domestic and foreign production areas are in the rubber tapping period, and the recent rainfall in Thailand and Yunnan production areas has eased the drought, but the higher price of raw materials has reduced the profit of processed finished products, and the strong spot price performance has promoted the futures price
.
In terms of imports, the customs supervision of the import of mixed rubber has been strengthened, and the domestic import volume in the future market may be slightly reduced
.
From the perspective of inventory, inventory outside the bonded zone decreased slightly, but exchange inventory remained high
.
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 is recommended to trade
in the 12000-12500 range for short term.