Rubber contracts opened low and fluctuated, and futures prices closed slightly lower

News: 1.
Moody's: In 2020, global car sales due to the epidemic will decline by 2.
5%, and China will decline by 2.
9%.

In February and February, the national auto dealer inventory warning index increased by 27.
7%
year-on-year.
3.
According to Longzhong Information statistics, the operating rate of semi-steel tire manufacturers last week was 49.
32%, up 16.
16% month-on-month and down 8.
42% year-on-year; The operating rate of all-steel tire manufacturers was 53.
26%, up 16.
24% month-on-month and down 12.
65%
year-on-year.

Market quotation: Shanghai market 18-year state-owned full latex reported 10750 (-100) yuan / ton, Vietnam 3L reported 11000 (-100) yuan / ton, Thailand No.
3 tobacco film reported 13050 (-100) yuan / ton
.
Qingdao market STR20 stock spot reported 1340 (+0) US dollars / ton, Qingdao market STR20 January cargo reported 1350 (+0) US dollars / ton
.
Thai Hat Yai raw material market raw film 41.
6 (-0.
45) baht/kg; Tai San Tobacco Tablets 45.
09 (+0.
59) THB/kg; field glue 42.
8 (-0.
7) baht/kg; 33 (+0) THB/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 9800 (+0) yuan / ton; The market price of cis-butadiene rubber is 9800 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 238720 tons, - 150 tons; NR warehouse receipt 44575 tons, + 202 tons
.
Main positions: RU2005 Top 20 long positions 65006, +902; short positions 91861, -1471; increase and decrease short, net space decrease
.

Summary: At present, the world has entered a low production period, and the supply side has formed a support
for the futures price.
The recent domestic epidemic control performance is optimistic, downstream tire factories have recovered one after another, and the operating rate has rebounded significantly, but the start of terminal demand is slow, and the accumulation of inventory brought about by the increase in imports in the early stage will continue to pressure rubber prices
in the short term.
From the disk point of view, the RU2005 contract opened low and fluctuated, and the upper pressure was under the pressure of the 11070 line, and it was recommended to trade in the 10800-11200 range in the short term; The NR2005 contract is recommended to trade
in the 9150-9500 range for short term.