Shanghai rubber rushed back down and the futures price closed slightly higher

News: 1.
China's synthetic rubber production in June increased by 12.
7%
year-on-year.
2.
In the first half of the year, the sales volume of heavy trucks fell by 2.
3%, and the future will focus on stock competition
.
3.
Vietnam's natural rubber exports in June increased by 58.
4%
month-on-month.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 10600 (+50) yuan / ton; Vietnam 3L quotation 11050 (+100) yuan / ton; Thailand No.
3 tobacco tablets 12700 (+50) yuan/ton; Yunnan 18 years full latex 10750 (+100) yuan / ton
.
The purchase price of natural rubber fresh glue and dry rubber of Hainan State-owned Rubber Processing Plant remained stable at 9800 yuan / ton / ton
.
Thai Hat Yai raw material market raw film 47.
35 (+0.
05) baht/kg; Tai San Tobacco Tablets 49.
15 (+0.
26) THB/kg; field glue 45.
5 (-0.
5) baht/kg; Cup glue 37 (+0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10000 (+0) yuan / ton; The market price of cis-butadiene rubber is 10400 (+0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 401720 tons, -4890 tons
.
Main positions: Top 20 long positions 82318, -152; short positions 115229, -836
.
Long and short are reduced together, and headroom is reduced
.

Summary: At present, domestic and foreign production areas are in the rubber tapping period, and the supply is gradually increasing
.
From the perspective of inventory, the inventory outside the bonded zone has continued to decline recently, but with the increase of imported rubber in the later period, the inventory will still recover
.
On the demand side, domestic heavy-duty truck sales in June fell sharply, coupled with the recent domestic tire consumption gradually entered the off-season, the operating rate of domestic tire factories continued to decline, and the demand side was not optimistic
.
However, the current price has fallen into the cost range, and the cost support may make the futures price fall limited
.
Technically, the RU1909 contract rushed back down, there is some pressure around 10820 above, it is recommended to trade
in the 10500-10820 range.