The peripheral market remains volatile Rubber contracts open high and volatile

News: 1.
Thailand's exports of tianjiao in February decreased year-on-month, while the exports of mixed rubber to China increased
.
2.
According to Longzhong Information statistics, the operating rate of semi-steel tire manufacturers last week was 63.
94%, up 5.
83% month-on-month and down 3.
34% year-on-year; The operating rate of all-steel tire manufacturers was 64.
04%, up 4.
67% month-on-month and down 8.
67%
year-on-year.
3.
Thailand has entered a state of
emergency since the 26th.

Market quotation: Shanghai market 18-year state-owned full latex reported 9600 (+50) yuan / ton, Vietnam 3L reported 9900 (+0) yuan / ton, Thailand No.
3 cigarette film reported 11750 (+0) yuan / ton
.
Qingdao market STR20 stock spot reported 1145 (-15) US dollars / ton, Qingdao market STR20 March cargo reported 1145 (-15) US dollars / ton
.
Thai Hat Yai raw material market raw film 38.
88 (+0) baht/kg; Tai San Tobacco Tablets 40.
2 (+0.
06) THB/kg; Field glue 35.
3 (-0.
5) baht/kg; Cup glue 28.
2 (-0.
3) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 8500 (+0) yuan / ton; The market price of cis-butadiene rubber is 8300 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 237260 tons, - 510 tons; NR warehouse receipts 54,634 tons, - 666 tons
.
Main positions: RU2009 top 20 long positions 60000, +1585; short positions 94683, +4289; long and short increased, net short increased
.

Summary: From the current fundamental point of view, low-priced crude oil has caused the price of synthetic rubber to follow the decline, which has a certain drag
on the price of natural rubber.
In addition, the continued spread of the epidemic overseas, and the high market share of tire exports to Europe and the United States has suppressed demand
.
In addition, the operating rate of domestic tire factories has rebounded significantly, but tire demand is still in the recovery period, and the demand for natural rubber is limited
.
Due to the slow recovery of demand, rubber stocks in Qingdao have remained high recently
.
The future market pays attention to the development of the overseas epidemic and the process of domestic resumption of work, and the short-term peripheral market is still unstable, so it is recommended to wait and see
.