Shanghai rubber futures price volatility closed up, the demand for the future market is not optimistic

News: January and May, auto dealer inventory warning index 54%.

2.
Three departments: All localities shall not restrict the driving or purchase
of new energy vehicles.
3.
New vehicle sales in Australia in May decreased by 8.
1% y/y to 93,000 units
.

Market quotation: the quotation of state-owned whole milk (Yunxiang) in the Shanghai market for 17 years is 11600 (-100) yuan / ton; Vietnam 3L quotation 11950 (-100) yuan / ton; Thailand No.
3 tobacco tablets 13350 (-50) yuan/ton; Yunnan 18 years full latex 11650 (-100) yuan / ton
.
The purchase price of natural rubber fresh glue and dry rubber of Hainan state-owned rubber processing plant fell to 11200 yuan / ton
.
Thai Hat Yai raw material market raw film 54.
39 (+0.
8) baht/kg; Tai San tobacco tablets 56.
82 (+0.
93) baht/kg; field glue 51.
1 (+0.
2) baht/kg; Cup glue 42.
5 (+0.
5) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11300 (+0) yuan / ton; The market price of cis-butadiene rubber is 11700 (+0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 414870 tons, +100 tons
.
Main positions: Top 20 long positions 103696, +677, short positions 135041, +2661
.
Long and short increase at the same time, headroom increases
.

Summary: At present, domestic and foreign production areas are in the rubber tapping period, and the recent rainfall in Thailand and Yunnan production areas has eased the drought, but the higher price of raw materials has reduced the profit of processed finished products, and the strong spot price performance has promoted the futures price
.
In terms of imports, the customs supervision of the import of mixed rubber has been strengthened, and the domestic import volume in the future market may be slightly reduced
.
From the perspective of inventory, inventory outside the bonded zone decreased slightly, but exchange inventory remained high
.
On the demand side, the recent domestic tire factory operation has remained generally good, but this year's export decline has been obvious, and domestic consumption has gradually entered the off-season, and the demand for the future market is not optimistic
.
Technically, the RU1909 contract is recommended to trade
in the 12000-12500 range for short term.