Rubber contracts are slightly higher opening prices, and the price is volatile

News: New vehicle sales in the European passenger car market in January and April fell 78.
3%
year-on-year.
2.
The EU plans to increase the support policy for new energy vehicles and exempt zero-emission models from VAT
.
3.
Vietnam has converted thousands of hectares of rubber plantations into industrial land
.

Market quotation: Shanghai market 18-year state-owned full latex reported 10150 (-50) yuan / ton, Vietnam 3L reported 10500 (+0) yuan / ton, Thailand No.
3 tobacco film reported 12600 (-50) yuan / ton
.
Qingdao market STR20 stock stock is reported at 1195 (+10) US dollars / ton, Qingdao market STR20 May cargo is reported 1195 (+10) US dollars / ton
.
Thai Hat Yai raw material market Thai 39.
51 (-0.
34) baht/kg; field glue 40.
3 (+0.
3) baht/kg; Cup glue 27.
9 (+0.
25) baht/kg
.
Domestic Yunnan Xishuangbanna glue in 8.
6-8.
8 (+0/+0) yuan / kg, at present, Banna has not been cut in a large area, raw material prices are for reference
only.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China Market price 8000 (+0) yuan / ton; The market price of cis-butadiene rubber is 7600 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 233880 tons, -150 tons; NR warehouse receipts 68,595 tons, -505 tons
.
Main positions: RU2009 top 20 long positions 96105, +3995, short positions 141896, +3399
.
Long and short increase together, headroom decreases
.

Summary: From the current fundamental point of view, Yunnan and Hainan production areas are sporadically cut, the production of new rubber is less, the price of raw materials remains stable for the time being, and the full opening is delayed than previously expected, which is expected to end May and early June; The phenology in the Thai production area is relatively normal, and under the government subsidy, the supply is relatively stable
in the later period.
In the downstream, the operating rate of tire factories has rebounded, but semi-steel tires still face the problem of scarcity of overseas orders, and in order to control finished product inventory, the later operating rate will be limited
.
From the perspective of terminals, the sales volume of heavy-duty trucks in April rose sharply month-on-month, and the demand for tire supporting in the later period was better driven by infrastructure
.
From the disk point of view, the RU2009 contract range is volatile, and the pressure in the intensive area of early trading is greater, but there is a certain support in the lower 10200 line, and it is recommended to trade in the 10200-10500 range in the short term; The NR2007 contract is recommended to trade
in the 8400-8650 range for short term.