Rubber contracts increased their positions and increased futures prices to close down

News: 1.
Thailand's November export volume of tianjiao increased year-on-month, while mixed rubber fell
double.
2.
China Association of Automobile Manufacturers: Passenger car production in early to mid-December decreased by 2.
5%
y/y.
3.
According to Longzhong information statistics, the operating rate of semi-steel tire manufacturers last week was 50.
88%, down 4.
58% month-on-month and 8.
54% year-on-year; The operating rate of all-steel tire manufacturers was 53.
23%, down 5.
66% month-on-month and 6.
97%
year-on-year.

Market quotation: Shanghai market 19 years state-owned full latex reported 13250 (-200) yuan / ton, Vietnam 3L reported 13000 (-200) yuan / ton, Thailand No.
3 tobacco film reported 18450 (-200) yuan / ton
.
Qingdao market STR20 stock spot reported 1570 (+0) US dollars / ton, Qingdao market STR20 December cargo reported 1570 (+0) US dollars / ton
.
Thailand Hat Yai raw material market field glue 51 (+0) baht/kg; Cup glue 38.
1 (+0.
1) baht/kg
.
Hainan state-owned glue into the whole dairy plant to produce whole milk 12500 (+0) yuan / ton, into the concentrated milk factory to produce concentrated milk 13200 (+0) yuan / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China market price 11300 (+0) yuan / ton; The market price of cis-butadiene rubber is 10500 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 160270 tons, + 1500 tons; NR warehouse receipt 45,482 tons, +0 tons
.
Main positions: RU2105 top 20 long positions 97934, + 2012; short positions 139472, + 1107; long and short increased, net space decreased
.

Summary: At present, the domestic Yunnan production area is in the period of suspension, and some areas of Hainan have stopped cutting one after another, and it is difficult to improve the marginal output of full latex
.
Although Thailand is still in the peak production period, Thailand's new crown lockdown measures are tightening, ship space is tight, freight rates are high, and production and export volumes are expected to
be reduced.
In terms of inventory, the inventory of tianjiao in Qingdao continued to decline, of which the decline in general trade inventory increased, and the pressure of dark rubber inventory decreased
.
On the demand side, environmental protection production restrictions have an impact on the operating rate of tire factories, domestic tire starts have fallen sharply, at present, Dongying, Weifang, Heze launched heavy pollution weather red warning level I.
emergency response, coupled with export due to tight containers and rising sea freight caused by export order delivery difficulty, it is expected that short-term tire start recovery is difficult
.
On the market, the RU2105 contract price fluctuates around 14000, and it is recommended to trade in the 13900-14500 range in the short term; The NR2103 contract is recommended to trade
in the 10100-10600 range.