Shanghai rubber rushed back down and futures prices fluctuated to close down

News: The number of tires imported by the United States from China continued to shrink
in January and April.
2.
China Association of Automobile Manufacturers: Domestic vehicle sales in May were 1.
913 million units, down 16.
4%
y/y.
3.
China's imports of natural and synthetic rubber from January to May fell by 3.
5%
year-on-year.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11950 (-50) yuan / ton; Vietnam 3L quotation 12300 (-100) yuan / ton; Thailand No.
3 tobacco tablets 13600 (-100) yuan/ton; Yunnan 18 years full latex 11900 (+0) yuan / ton
.
The purchase price of natural rubber fresh glue and dry rubber of Hainan state-owned rubber processing plant remained stable at 11200 yuan / ton
.
Thai Hat Yai raw material market raw film 55.
55 (+0.
35) baht/kg; Tai San tobacco tablets 59.
52 (+0.
52) baht/kg; field glue 52 (+0.
2) baht/kg; Cup gum 42.
5 (+0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11000 (+0) yuan / ton; The market price of cis-butadiene rubber is 11700 (+0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 414840 tons, +0 tons
.
Main positions: the top 20 long positions 105658, -5960; short positions 137378, -3320
.
Long and short are reduced at the same time, and headroom is increased
.

Summary: At present, domestic and foreign production areas are in the rubber tapping period, recent rainfall in Thailand and Yunnan production areas, although the drought has eased, but the high price of raw materials has reduced the profit of processed finished products, and the spot price performance is firm
.
In terms of imports, customs supervision over the import of mixed rubber was strengthened, and the import of rubber fell significantly in May
.
From the perspective of inventory, inventory outside the bonded zone has continued to decline recently, but exchange inventory is still at a high level
.
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.