Shanghai rubber contracts opened high and went low, and futures prices fluctuated and closed down

News: 1.
According to the General Bureau of Statistics of Vietnam, although the new crown epidemic is still severe and complicated, Vietnam's industrial production still maintained a growth trend in May 2021, increasing by 1.
6% month-on-month and 11.
6%
year-on-year.
2.
Indonesia raised its 2022 investment target to US$84.
5 billion.

3.
World Meteorological Organization: The 2020-2021 La Niña phenomenon has ended
.

Market quotation: Shanghai market 19-year state-owned full latex reported 12700 (-50) yuan / ton, Vietnam 3L reported 12650 (-50) yuan / ton, Thailand No.
3 tobacco film reported 19400 (-100) yuan / ton
.
Qingdao market STR20 stock spot reported 1705 (+0) US dollars / ton, Qingdao market STR20 June cargo reported 1705 (+0) US dollars / ton
.
Hainan state-owned glue into the whole dairy plant 12500 (+200) yuan / ton, into the concentrated milk plant 12800 (+300) yuan / ton
.
The purchase price of glue from dry rubber factory in Yunnan production area refers to 12.
9-13 (+0.
2/+0.
3) yuan/kg, and the purchase price of glue from concentrated dairy plant refers to 13-13.
2 (+0.
2/+0.
4) yuan/kg
.
Field glue in Hat Yai raw material market in Thailand 53.
5 (+0) baht/kg; Cup glue 44.
5 (+0.
5) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 12200 (+0) yuan / ton; The market price of cis-butadiene rubber is 11700 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 175980 tons, - 170 tons; NR warehouse receipt 56881 tons, + 201 tons
.
Main positions: RU2109 Top 20 long positions 125376, +5530; short positions 180239, +8087; long and short increase, net short increase
.

Summary: At present, the main production areas at home and abroad have been started one after another, the rainfall in southern Thailand has decreased, and the epidemic has led to the closure of some glove factories, and the price of raw materials has weakened
.
The shrinkage of raw materials in Hainan production area continued to increase, and the price difference between glue into concentrated dairy plants and full latex factories narrowed, which was conducive to the volume of full latex; The overall cutting in Yunnan production area is less than 70%, and it is expected to enter the high cutting period
in mid-to-early June.
In terms of inventory, as of the end of May, China's natural rubber social inventory continued to decline week-on-week, but the speed of Qingdao's general trade inventory outbound decreased
.
On the demand side, manufacturers that stopped production due to thermal power plant maintenance and environmental protection factors in the early stage and factories that stopped work due to line maintenance have resumed work one after another, and the operating rate of tire factories rebounded
last week.
As the temperature rises, the replacement demand for all-steel tires may be expected to increase, but the peak period of summer electricity consumption is coming, and the factory may have a staggered peak production phenomenon, and the later start or maintain relatively stable operation
.
On the market, the RU2109 contract opens high and low, focusing on the support around 13000 in the short term, and it is recommended to trade in the range of 13000-13500; The NR2108 contract is recommended to trade
in the 10600-11000 range.