Shanghai rubber opened low and went high, and the futures price closed slightly lower

News: 1.
Thai Prime Minister Prayuth Chan-o-cha: will increase domestic rubber consumption to boost prices
.
2.
The import volume of natural rubber in the United States in May fell
year-on-year.
3.
Indonesia's natural rubber exports in May fell
year-on-year.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 10550 (-50) yuan / ton; Vietnam 3L quotation 11050 (-50) yuan / ton; Thailand No.
3 tobacco tablets 12600 (+50) yuan/ton; Yunnan 18 years full latex 10850 (-150) yuan / ton
.
The purchase price of natural rubber fresh glue and dry rubber of Hainan State-owned Rubber Processing Plant was reduced to 9800 yuan / ton / ton
.
Thai Hat Yai raw material market raw film 48.
7 (-0.
31) baht/kg; Tai San tobacco tablets 48.
69 (-4.
81) baht/kg; field glue 47 (+0) baht/kg; Cup gum 37.
5 (-0.
25) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10000 (+0) yuan / ton; The market price of cis-butadiene rubber is 10400 (+0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 404620 tons, +860 tons
.
Main positions: Top 20 long positions 90471, -3952; short positions 129301, -6275
.
Long and short are reduced together, and headroom is reduced
.

Summary: The news that No.
20 standard rubber is about to be listed has suppressed the Shanghai rubber futures price
.
From a fundamental point of view, at present, domestic and foreign production areas are in the rubber tapping period, and the supply is gradually increasing
.
In terms of imports, the inspection policy of mixed rubber may be relaxed, which may promote the import
of mixed rubber.
From the perspective of inventory, the inventory outside the bonded zone has continued to decline recently, but with the increase of imported rubber in the later period, the inventory will still recover
.
On the demand side, domestic heavy-duty truck sales fell sharply in June, and although the recent domestic tire factory operation remained good overall, the decline in exports was obvious, and domestic consumption gradually entered the off-season, and the demand for the future market was not optimistic
.
Technically, the RU1909 contract stopped falling and stabilized, and the market focused on support around 10500 below, and it is recommended to trade
in the 10500-10900 range in the short term.