The risk of production decline increases rubber prices continue to rise

The rapid spread of the new crown mutant virus in Southeast Asia has led to a gradual increase in the number of variant new crown virus infections in Thailand, Myanmar, Laos, Vietnam, Cambodia and other countries, which may affect the supply of tianjiao, and the risk of production decline is gradually increasing
.

The prices of raw materials in Thai and domestic production areas have increased
steadily.
Domestic imports of tianjiao began to gradually increase in June, and the non-standard price spread widened
.
The tire operating rate in Shandong rebounded slightly to about 60%.
The performance of the domestic tire replacement market is sluggish, and the export market is expected to remain resilient in the future, which supports rubber prices
.
Qingdao's inventory is showing signs of accumulation, and follow-up attention is paid to the announcement of alternative indicators in Yunnan, and short-term operation
is recommended.

The quotation of full latex Shanghai was 13150 yuan / ton, up 150 yuan / ton; Vietnam's 3L Shanghai quotation was 12850 yuan / ton, up 50 yuan / ton; The quotation of Thai tobacco chips in Shandong was 18600 yuan / ton, up 150 yuan / ton; As of July 12, the inventory of 17 samples in the natural rubber Qingdao Free Trade Zone was 89,500 tons, up 02,600 tons from the previous period, and the inventory of 16 general trade warehouses was 427,700 tons, down 08,800 tons from the previous period; the rubber inventory warehouse receipt of the previous period was 178,000 tons, and the No.
20 rubber inventory warehouse receipt was 51,000 tons
.

Although rubber fundamentals are still weak, inflation expectations are not reduced, and the center of gravity of commodity prices may still have upward pressure
.
The recent upward range of synthetic rubber is large, which may boost the skygum
.
It is expected that the intraday market will stabilize and be strong.