Shanghai rubber rebound blocked and fell back Futures prices closed slightly lower

News: 1.
China Association of Automobile Manufacturers: The growth rate of automobile production and sales fell
sharply in the first half of the year.
2.
Passenger car retail sales in June were 1.
58 million units
.
3.
ANRPC: There is little hope that the price of tianjiao will recover significantly in the short term
.

Market quotation: Shanghai market 19 years state-owned full latex reported 13150 (+200) yuan / ton, Vietnam 3L reported 12800 (+100) yuan / ton
.
Qingdao market STR20 stock spot reported 1665 (-5) US dollars / ton, Qingdao market STR20 August cargo reported 1665 (-5) US dollars / ton
.
Qingdao area RMB Thai mix 12050 (-50) yuan / ton, RMB horse mix 11950 (-50) yuan / ton
.
Hainan state-owned glue into the whole dairy plant 12200 (+100) yuan / ton, into the concentrated milk plant 12000 (+100) yuan / ton
.
The purchase price of glue from dry rubber plant in Yunnan production area refers to 12.
2-12.
5 (+0.
2/+0.
2) yuan/kg, and the purchase price of glue from concentrated dairy plant refers to 12.
3-12.
5 (+0.
3/+0.
2) yuan/kg
.
Field glue at Hat Yai raw material market in Thailand 43.
8 (+0.
3) baht/kg; Cup gum 42.
75 (+0.
35) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 13000 (+0) yuan / ton; The market price of cis-butadiene rubber is 13000 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 175150 tons, +600 tons; NR warehouse receipts 52,144 tonnes, -203 tonnes
.
Main positions: RU2109 top 20 long positions 103537, -2329; short positions 154803, -30; long and short decrease, net short increased
.

Summary: At present, it is in the global seasonal production cycle of tianjiao, and the weather in the main producing areas is normal, but the epidemic situation in the major rubber-producing countries in Southeast Asia is grim, and it is necessary to beware of supply risks
in the production areas in the later stage.
The output of raw materials in Hainan production area is high, and the glue into the thick dairy plant is discounted into the price of the full latex factory, which is conducive to the increase of the amount of full latex; The cutting rate in Yunnan production area continued to increase, and the gum production of gum trees was basically normal, and rapid increase was expected
.
In terms of inventory, the latest data showed that stocks in the Qingdao Free Trade Zone were higher, while stocks outside the zone fell
slightly.
The recent decline in inventories has slowed
after a sustained decline in upfront inventories.
It is reported that the number of arrivals in July increased slightly compared with June, and the absolute number remained at a low level
.
On the demand side, domestic and foreign sales are weak, factory finished product inventory is high, early maintenance manufacturers partially postponed the resumption of work, last week the domestic tire factory operating rate continued to decline month-on-month, the recent is still dominated by digestion inventory, it is expected that the start is still at a low level
.
On the intraday, the RU2109 contract has intensified intraday volatility, focusing on the pressure
around 13650 in the short term.