Shanghai rubber futures price weak downward short-term focus on support around 14000

News: 1.
Thailand's automobile production in July exceeded 120,000 units, a year-on-year increase of 37.
5%.

2.
Indonesian Rubber Association: The export price of tianjiao is expected to rise to the end of the year
.
3.
CAAM: In early and mid-August, the automobile production of 11 key enterprises fell by 34.
3%
year-on-year.

Market quotation: Shanghai market 19-year state-owned full latex reported 13150 (+0) yuan / ton, Vietnam 3L reported 13000 (+50) yuan / ton
.
Qingdao market STR20 warehouse spot reported 1790 (+0) US dollars / ton, Qingdao market STR20 September cargo reported 1765 (+0) US dollars / ton
.
Qingdao area RMB Thai mix 12500 (+0) yuan / ton, RMB horse mix 12450 (+0) yuan / ton
.
Hainan state-owned glue into the whole dairy plant 12700 (+0) yuan / ton, into the concentrated milk plant 12800 (+0) yuan / ton
.
The purchase price of glue from dry rubber factory in Yunnan production area refers to 12-12.
5 (0/0) yuan/kg, and the purchase price of glue from concentrated dairy plant refers to 12.
3-12.
5 (0/0) yuan/kg
.
Field glue in Hat Yai raw material market in Thailand 50.
8 (+0) baht/kg; Cup glue 47.
7 (-0.
2) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 13200 (+0) yuan / ton; The market price of cis-butadiene rubber is 13900 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 188810 tons, + 200 tons; NR warehouse receipt 31138 tons, + 505 tons
.
Main positions: RU2201 Top 20 long positions 92147, + 6231; short positions 135373, + 7681; long and short increased, net short increased
.

Summary: The recent increase in rainfall in the main producing areas has a greater
impact on rubber tapping.
Thailand's natural rubber exports increased in July, but exports to China contracted month-on-month, indicating stronger overseas demand than China
.
In August, due to the delay of the shipping schedule, the overall arrival in the middle and early part of the port was less than expected, and the arrival in the second half is expected to be more concentrated
.
In terms of inventory, as of the week of the 22nd, domestic natural rubber social stocks continued to decline, with a slight month-on-month decline and a slight year-on-year decline
.
On the demand side, it is reported that export orders have improved slightly, but they are not as good as seasonal increment expectations, factories still have production control behavior under the pressure of finished product inventory, and environmental protection inspections will be tightened again in the near future, and there is an expectation
of a decline in construction starts this week.
On the market, the RU2201 contract increased its position to the downside, focusing on the support around 14000 in the short term, and it is recommended to trade
in the 14000-14300 range.