Rubber contracts opened higher and went low, and futures prices closed slightly higher

News: 1.
According to Longzhong information statistics, as of the week of August 20, the operating rate of domestic semi-steel tire manufacturers was 68.
10%, up 1.
83% month-on-month and 1.
20% year-on-year; The operating rate of all-steel tire manufacturers was 73.
69%, up 0.
89% month-on-month and 9.
46%
year-on-year.
2.
In the first half of 2020, Thailand's natural rubber production decreased by 1.
8%
year-on-year.
3.
Thailand's exports of natural rubber in July increased month-on-month, while mixed rubber declined
.

Market quotation: Shanghai market 18-year state-owned full latex reported 11450 (+150) yuan / ton, Vietnam 3L reported 11450 (+150) yuan / ton, Thailand No.
3 tobacco film reported 14150 (+150) yuan / ton
.
Qingdao market STR20 stock spot reported 1400 (+25) US dollars / ton, Qingdao market STR20 August cargo reported 1405 (+25) US dollars / ton
.
Thailand Hat Yai raw material market field glue 43 (+0.
2) baht/kg; Cup glue 34.
9 (+0.
5) baht/kg
.
Domestic Yunnan Xishuangbanna glue into the dry rubber factory 9.
8-10.
3 yuan / kg, into the latex factory 10.
2 yuan / kg
.
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 8000 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 213630 tons, - 12200 tons; NR warehouse receipts 29,767 tons, - 806 tons
.

Main positions: RU2101 Top 20 Long Positions 102081, -5271; Short Positions 156016, +244;

Summary: From the current fundamental point of view, the current Banna rainfall is frequent, raw materials are still small, the purchase price of some dry rubber factories slightly exceeds the purchase price of latex factories, the diversion of latex to dry rubber is reduced, the situation of alternative planting indicators is still unclear, and I heard that there is no possibility of entry in August; Hainan rubber tapping work is carried out normally, and the output of new rubber can relatively meet the normal operation of the processing plant
.
The production capacity of new rubber in Southeast Asia was released, but Thailand's output did not reach the peak
due to the tight situation of glue workers.
In terms of inventory, the inventory inside and outside the Qingdao Free Trade Zone continues to accumulate, and it is difficult to destock rubber during the peak supply season
.
In the downstream, the export market orders are better, which supports the start of tire factories, and the inventory of manufacturers has decreased
compared with before.
From the terminal point of view, the sales volume of heavy trucks is good, and the performance of tire supporting demand in the later period is expected to be better
driven by infrastructure.
Approaching the delivery month, the small volume of warehouse receipts is favorable to the futures price
.
On the market, the RU2101 contract opened high and low, focusing on the support around 12400 in the short term, and it is recommended to trade in the 12400-12850 range; The NR2010 contract is recommended to trade
in the 9360-9600 range for short terms.