The center of gravity of rubber operation fell and the futures price closed slightly lower

News: 1.
According to Longzhong Information statistics, as of the week of August 6, the operating rate of domestic semi-steel tire manufacturers was 65.
1%, down 1.
08% month-on-month and 3.
44% year-on-year; The operating rate of all-steel tire manufacturers was 72.
8%, up 0.
39% month-on-month and 3.
11%
year-on-year.
2.
Vietnam's mixed rubber exports to China in July continued to increase sharply, hitting a record high
.
In March and July, China's automobile production and sales increased by 21.
9% and 16.
4%
year-on-year, respectively.

Market quotation: Shanghai market 18 years state-owned full latex reported 11050 (-100) yuan / ton, Vietnam 3L reported 11100 (-100) yuan / ton, Thailand No.
3 tobacco film reported 13500 (-100) yuan / ton
.
Qingdao market STR20 stock spot reported 1375 (-5) US dollars / ton, Qingdao market STR20 August cargo reported 1385 (-5) US dollars / ton
.
August 12 is Mother's Day in Thailand, and the Thai Hat Yai Raw Material Market is closed
.
Domestic Yunnan Xishuangbanna glue into the dry rubber factory 9.
6-10 yuan / kg, into the latex factory 10.
2 yuan / kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China Market price 8000 (+0) yuan / ton; The market price of cis-butadiene rubber is 8000 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 226490 tons, -160 tons; NR warehouse receipt 36,017 tons, +302 tons
.
Main positions: RU2101 top 20 long positions 91715, -48; short positions 139260, -507; long and short are reduced together, net space is reduced
.

Summary: From the current fundamental point of view, the current Banna rainfall is too much, which temporarily affects rubber tapping; The weather in Hainan production area has improved, the output of raw materials has slowly increased, and the amount of full latex is expected to
increase.
At present, the situation of insufficient raw materials still exists, the competition for raw material procurement between processing plants is obvious, and the quotas of alternative planting indicators Puer, Xishuangbanna and Kunming have been announced, but the time of the target has been postponed
.
The production capacity of new rubber in Southeast Asia was released, but Thailand's output did not reach the peak
due to the tight situation of glue workers.
In terms of inventory, as of the end of July, the inventory inside and outside the Qingdao Free Trade Zone continued to accumulate, and it was difficult to destocking rubber during the supply season
.
In the downstream, the supporting market performed better, but the replacement market was slightly weak; There are still many uncertainties in export sales due to the overseas epidemic, and the growth rate of shipments is expected to gradually slow down
.
From the terminal point of view, the sales volume of heavy trucks is good, and the performance of tire supporting demand in the later period is expected to be better
driven by infrastructure.
On the plate, the RU2101 contract is under pressure, the center of gravity of the futures price operation has fallen, and the short-term focus on the support around 12200 is recommended; The NR2010 contract focuses on support around 9180 and trades
in the 9180-9380 range short-term.