Shanghai rubber to reduce the amount of warehouse reduction short-term focus on the pressure around 13600

News: 1.
RAOT insists that Thailand's rubber exports will not decline and will be produced
normally according to continuous orders.
2.
GM plans to build a project of 6 million semi-steel tires in Cambodia
.
3.
World Meteorological Organization: The 2020-2021 La Niña phenomenon has ended
.

Market quotation: Shanghai market 19-year state-owned full latex reported 12750 (+50) yuan / ton, Vietnam 3L reported 12650 (+50) yuan / ton, Thailand No.
3 tobacco film reported 19500 (+50) yuan / ton
.
Qingdao market STR20 stock spot reported 1705 (+0) US dollars / ton, Qingdao market STR20 June cargo reported 1705 (+0) US dollars / ton
.
Hainan state-owned glue into the whole dairy plant 12300 (-100) yuan / ton, into the concentrated dairy plant 12500 (+0) yuan / ton
.
The purchase price of glue from dry rubber plant in Yunnan production area refers to 12.
2-12.
7 (0/0) yuan/kg, and the purchase price of glue from concentrated latex plant refers to 12.
8 (+0) yuan/kg
.
Field glue in Hat Yai raw material market in Thailand 53.
5 (-1.
5) baht/kg; Cup glue 44 (-0.
7) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 12200 (+0) yuan / ton; The market price of cis-butadiene rubber is 11700 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 176180 tons, -70 tons; NR warehouse receipts 55,168 tons, -202 tons
.
Main positions: RU2109 Top 20 long positions 122524, -6461; short positions 176932, -5890; long and short decrease, net short increased
.

Summary: At present, the main producing areas at home and abroad have been mowing, but the rainfall in the main producing areas has increased, and the amount of cutting in the southern Thai production areas is not as expected, but the epidemic has led to the closure of some glove factories, and the price of glue has continued to fall
.
The shrinkage of raw materials in Hainan production area continued to increase, and the price difference between glue into concentrated dairy plants and full latex factories narrowed, which was conducive to the volume of full latex; The overall cutting in Yunnan production area is less than 70%, and it is expected to enter the high cutting period
in mid-to-early June.
In terms of inventory, as of the end of May, China's natural rubber social inventory continued to decline week-on-week, but the speed of Qingdao's general trade inventory outbound decreased
.
On the demand side, the current inventory of finished tires is at a year-on-year high, in order to alleviate inventory pressure, factories moderately restrict production scheduling, coupled with environmental protection, thermal power plant maintenance and other factors, short-term start may be difficult to significantly improve
.
On the market, the RU2109 contract reduced its position and closed higher, focusing on the pressure
around 13600 in the short term.