Shanghai rubber contract reduced position and contracted futures prices closed lower

News: 1.
In the first 8 months of 2021, Vietnam's exports of tianjiao and mixed rubber increased
year-on-year.
2.
In the first seven months of 2021, U.
S.
tire imports increased by 33.
5%
year-on-year.
3.
Passenger car production and sales: Passenger car production and sales in August decreased by 11.
2% and 14.
7%
respectively.

Market quotation: Shanghai market 19 years state-owned full latex reported 12300 (-200) yuan / ton, Vietnam 3L reported 12350 (-100) yuan / ton
.
Qingdao market STR20 stock spot reported 1685 (-40) US dollars / ton, Qingdao market STR20 October cargo reported 1680 (-40) US dollars / ton
.
Qingdao area RMB Thai mix 11850 (-300) yuan / ton, RMB horse mix 11750 (-300) yuan / ton
.
Hainan state-owned glue into the whole dairy plant 11400 (-400) yuan / ton, into the concentrated dairy plant 11700 (-400) yuan / ton
.
The purchase price of glue from dry rubber factory in Yunnan production area refers to 11.
6-12.
1 (0/0) yuan/kg, and the purchase price of glue in concentrated latex plant refers to 11.
8-12.
0 (0/0) yuan/kg
.
Field glue in Hat Yai raw material market in Thailand 46.
5 (-0.
8) baht/kg; Cup glue 44.
15 (-0.
3) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China Market price 12500 (+0) yuan / ton; The market price of cis-butadiene rubber is 13300 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 198280 tons, + 1920 tons; NR warehouse receipts 29,655 tons, - 202 tons
.
Main positions: RU2201 top 20 long positions 94361, - 3384; short positions 137191, -3248; long and short minus, net short increased
.

Summary: Rainfall in the main producing areas is expected to increase recently, and the impact on rubber tapping still exists
.
Due to the serious delay of shipping schedules in August, the import volume of natural rubber fell sharply year-on-year, and the market generally expects that imports can only increase significantly from October
.
Yunnan's alternative planting target is issued, and the number of local warehouses will increase
rapidly.
In terms of inventory, the recent consumption in Qingdao exceeded market expectations, which still supports
prices.
On the demand side, under the pressure of finished product inventory, factories still have production control, and some factories in Dongying area of Shandong have production suspension and production restrictions, coupled with environmental protection inspectors, it is difficult to rebound significantly in the short term
.