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Weather in natural rubber producing areas: rainfall in southern Thailand will remain relatively low in the first week of the next year, with little impact on raw material output, and in the second week of the next week, rainfall in southern Thailand will increase, which will have an increased
impact on rubber tapping work.
1.
QinRex According to the Malaysian Bureau of Statistics on December 15, the export volume of tianjiao in October 2021 increased by 14.
1% year-on-year to 62,167 tons, down 0.
3%
month-on-month.
Of these, 56.
8% were exported to China, followed by Pakistan 3.
2%, the United States 3%, Iran 2.
7%, and Germany 2.
1%.
2.
According to the latest data from QinRex, Thai Minister of Industry Suriya revealed that he is deeply pleased with the continued recovery of the automotive industry supported by the domestic market and export market, as well as increased investment, and estimates that automobile manufacturing will increase by 15% in 2021, and is expected to exceed 1.
7 million vehicles
in 2022.
At present, the domestic Yunnan production area has entered the suspension period, and the eastern Hainan production area may be stopped in mid-to-late December; Typhoon Rey may increase rainfall in Southeast Asia, and Malaysia and Indonesia will face heavy rainfall in the short term, affecting the rubber tapping process; Localized rainfall in southern Thailand has a relatively small impact on tapping
.
Due to the surge in freight rates in Southeast Asia, there is an expectation of continued delay in the December shipping schedule, it is difficult to increase imports significantly month-on-month, and the accumulation of natural rubber in Qingdao is expected to continue to be delayed, but the rapid entry of Yunnan alternative indicators has promoted a sharp week-on-week
increase in Yunnan's inventory.
Last week, the operating rate of domestic tire factories fell slightly month-on-month, because the order situation was not optimistic, the pressure of finished product inventory increased, the high inventory of distributors, the foreign trade orders of tire factories in December are expected to shrink, and the replacement of domestic terminals is gradually coming to an end, coupled with the obvious increase in factory raw material inventory, tire factories may slow down the procurement process of tianjiao
.
On the market, the RU2205 contract closed slightly higher, short-term or extended range fluctuations, it is recommended to trade
in the 14600-14970 range.
