Rubber contracts reduced positions and contracted futures prices to close down

News: 1.
China's multi-department joint efforts to stabilize international freight have continued to skyrocket, and sea freight has reached an inflection point
.
2.
The 300,000 tires project in Xinjiang is scheduled to be put into operation
in July 2021.
3.
In January 2021, China's heavy-duty truck market is expected to sell more than 180,000 vehicles of various types, a significant increase of 54% year-on-year, setting a new historical record
for sales in the heavy-duty truck market in January.

Market quotation: Shanghai market 19-year state-owned full latex reported 13900 (-150) yuan / ton, Vietnam 3L reported 13350 (-150) yuan / ton, Thailand No.
3 tobacco film reported 20450 (-150) yuan / ton
.
Qingdao market STR20 stock spot reported 1635 (-15) US dollars / ton, Qingdao market STR20 February cargo reported 1640 (-15) US dollars / ton
.
Thailand Hat Yai raw material market field glue 44 (-0.
5) baht/kg; Cup gum 39 (+0.
1) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China Market price 12600 (+0) yuan / ton; The market price of cis-butadiene rubber is 11400 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 167940 tons, +0 tons; NR warehouse receipt 57971 tons, + 807 tons
.
Main positions: RU2105 top 20 long positions 86061, - 367; short positions 135271, -1791; long and short minus, net space decreased
.

Summary: From the perspective of overseas production areas, northern Thailand has gradually entered the period of suspension, southern Thailand is also close to the period of suspension, and the supply of raw materials in Thailand is in a decreasing trend, but due to the recent continuous decline in the actual purchase price of raw material glue, the early profit support has weakened
.
On the demand side, China's multi-department joint efforts to stabilize international freight have continued to skyrocket, and sea freight has turned around, and tire export demand has increased
.
However, the Spring Festival is approaching, the pre-holiday stocking is basically completed, tire factories are generally on holiday around the 23rd day of the lunar month (February 4), and it is expected that the operating rate of manufacturers will continue to decline this week, and the demand side is slightly weak
.
On the market, the RU2105 contract fell under pressure, focusing on the support around 14000 in the short term, and it is recommended to trade in the 14000-14400 range; The NR2104 contract is recommended to trade
in the 10450-10700 range.