China's Spring Festival holiday is coming, and there is no offer in the rubber spot market

Market situation: On January 23, RU2005 reduced its position and contracted, and the futures price closed down
.
The day closed at 12085, -2.
34% from the previous trading day; Volume 172679, position 195812, -12415, basis -65; RU5-September spread -245
.
NR2004 closed at 10110, -2.
37% from the previous trade; Volume 9769, position 16200, -107, basis -1; NR3-4 spread -10
.

News: 1.
China's tire production in 2019 increased by 1.
9%
year-on-year.
2.
China's synthetic rubber production in 2019 increased by 11%
year-on-year.
3.
According to the statistics of Longzhong Information, the operating rate of semi-steel tire manufacturers in the week was 24.
48%, down 29.
56% month-on-month and 33.
52% year-on-year; The operating rate of all-steel tire manufacturers was 30.
05%, down 25.
01% month-on-month and 26.
45%
year-on-year.

Market quotation: Near the Chinese New Year holiday, there is no offer
in the spot market.
Thai Hat Yai raw material market raw film 41.
5 (+0) baht/kg; Tai San tobacco tablets 42.
8 (+0) baht/kg; field glue 41 (+0) baht/kg; 35.
5 (+0) THB/kg
.
SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1500 (+0) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1500 (+0) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1510 (+0) US dollars / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11100 (+0) yuan / ton; The market price of cis-butadiene rubber is 11100 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 236160 tons, -3480 tons; NR warehouse receipts 19,655 tons, +605 tons
.

Main positions: RU2005 top 20 long positions 89948, -6876; short positions 132880, -7628; long and short are reduced together, net short is reduced
.
NR2003 Top 20 Long Positions 7251, -202; Short Positions 7342, -196
.

Summary: At present, the domestic production area is in the suspension period, and some parts of Southeast Asia have entered the shutdown period, but the raw materials in southern Thailand are still being released, and the high profit of the processing plant drives the enthusiasm for production
.
In the downstream, most factories in Shandong concentrated on stopping production around the 23rd of the month of La Yue, and the operating rate of domestic tire factories fell
sharply during the week.
Starts are expected to continue to decline by the end of the month, at their lowest point in the year
.
In terms of the end market, the sales volume of heavy trucks continued to improve, and the elimination and renewal policy of diesel trucks under China III stimulated the demand for new vehicles in the heavy truck market, which supported the consumption of natural rubber
.