Shanghai rubber price volatility intensified, the market continued to pay attention to the upward pressure

News: 1.
In the first quarter of 2021, Vietnam's imports from China increased
sharply.
2.
Thailand's exports of tianjiao in the first quarter increased by 11% year-on-year, while mixed rubber decreased by 27%.

3.
Thai media: Thai rubber bureau released 104,000 tons of inventory, competition became fierce
.

Market quotation: Shanghai market 19-year state-owned full latex reported 13500 (+150) yuan / ton, Vietnam 3L reported 13200 (+150) yuan / ton, Thailand No.
3 tobacco film reported 19900 (+150) yuan / ton
.
Qingdao market STR20 stock spot reported 1695 (+5) US dollars / ton, Qingdao market STR2 0 April cargo reported 1685 (+5) US dollars / ton
.
Hainan state-owned glue into the whole dairy plant 11700 (+0) yuan / ton, into the concentrated milk plant 13900 (-300) yuan / ton
.
The price of glue in Mengla area of Yunnan refers to 12.
5-13.
2 yuan / kg
.
Thailand Hat Yai raw material market field glue 59 (+0.
7) baht/kg; Cup glue 43.
9 (+0.
25) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 13900 (+0) yuan / ton; The market price of cis-butadiene rubber is 12500 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 174980 tons, + 900 tons; NR warehouse receipts 55,087 tonnes, -605 tonnes
.
Main positions: RU2109 top 20 long positions 102530, + 4010; short positions 152098, + 7515; long and short increase, net short increase
.

Summary: On the supply side, northern Thailand has entered the cutting period, and the recent rainfall in the main production areas of the world is slightly more, which is conducive to the growth of
rubber trees.
The overall cutting rate in the Banna area of Yunnan is still low, the glue output is small, and the competition for raw materials between processing plants is obvious; The mainstream area in the middle of Hainan production area has entered the state of cutting, and the demand for concentrated milk for downstream products medical gloves has obvious signs of weakening, and the price difference between glue entering the latex plant and entering the whole dairy plant has narrowed
.
Downstream, factory export market shipments slowed down, domestic sales were slightly weak, manufacturers' finished product inventories increased, coupled with the moderate reduction of production schedules in some areas due to environmental protection, tire operating rate decreased
month-on-month.
On the market, the RU2109 contract rushed back down, and the market continued to pay attention to the pressure
around 14200.