Rubber contracts increase positions and futures prices are weak to the downside

News: 1.
Vietnam's mixed rubber exports to China in November increased by 7% month-on-month, while Tianjiao fell by 28%.

February and October U.
S.
tire imports increased
for five consecutive months month-on-month.
3.
Passenger car retail sales: Retail sales of passenger cars in November increased by 8%
year-on-year.
4.
China Automobile Dealers Association: The auto dealer inventory warning index in November was 60.
5%.

Market quotation: Shanghai market 19 years state-owned full latex reported 13450 (-500) yuan / ton, Vietnam 3L reported 13250 (-400) yuan / ton, Thailand No.
3 tobacco film reported 18300 (-500) yuan / ton
.
Qingdao market STR20 stock spot reported 1600 (-30) US dollars / ton, Qingdao market STR20 December cargo reported 1610 (-30) US dollars / ton
.
Thai Hat Yai raw material market field glue 56 (+0) baht/kg; Cup glue 39.
5 (-0.
75) baht/kg
.
Banna stopped cutting, glue price is not available; Hainan state-owned glue into the whole dairy plant to produce whole milk 13300 (+0) yuan / ton, into the concentrated dairy factory to produce concentrated milk 13500 (+200) yuan / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China market price 12100 (+0) yuan / ton; The market price of cis-butadiene rubber is 11500 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 129340 tons, + 3600 tons; NR warehouse receipt 44493 tons, + 212 tons
.

Main positions: RU2105 top 20 long positions 93469, + 3669; short positions 130936, +1249; long and short increased, net space decreased
.

Summary: At present, the global production area has entered the end of the high production period and the beginning of the production reduction period, the domestic Yunnan production area has entered the suspension period, and the Hainan production area has the expectation of early suspension due to the rapid drop in temperature, and the production of full latex continues to shrink
.
Heavy rainfall in southern Thailand is expected to decrease and raw material output will return to normal
.
In terms of inventory, dark rubber stocks in Qingdao have accumulated, light rubber stocks are relatively stable, and there is an overall
expectation of accumulation.
On the demand side, the operating rate of tire factories was slightly adjusted month-on-month, most manufacturers' export orders were sufficient, and the active scheduling was still high, but affected by the rise in ocean freight, the delivery time of some export orders was delayed, and the later operating rate is also expected to be suppressed
.
On the market, the RU2105 contract increased its position to the downside, focusing on the support around 14100 in the short term, and it is recommended to trade in the 14100-14600 range; The NR2102 contract is eyeing support around 10250 and is recommended to trade
in the 10250-10700 range.