Rubber low-open running futures prices continued to close lower

News: 1.
According to the statistics of the First Commercial Vehicle Network, in October 2020, China's heavy-duty truck market sold 129,000 units, down 14.
3% month-on-month and up 41% year-on-year; Cumulative sales in the heavy-duty truck market from January to October reached approximately 1.
365 million units, a cumulative increase of 39% y/y, and a net increase of more than 380,000 units
.
2.
The Thai Cabinet approved 10 billion baht for the second phase of the rubber price guarantee plan
.
3.
Typhoon "Swan" will land in Vietnam "Eshani" will enter the South China Sea
on the 6th.

Market quotation: Shanghai market 19 years state-owned full latex reported 13750 (-200) yuan / ton, Vietnam 3L reported 13850 (-450) yuan / ton, Thailand No.
3 tobacco film reported 19400 (-450) yuan / ton
.
Qingdao market STR20 stock spot reported 1660 (-15) US dollars / ton, Qingdao market STR20 November cargo reported 1650 (-15) US dollars / ton
.
Thai Hat Yai raw material market field glue 58 (-6.
3) baht/kg; Cup gum 38.
85 (+0) baht/kg
.
Domestic Yunnan Xishuangbanna glue into dry rubber factory 13.
5-13.
7 (-0.
1/-0.
3) yuan/kg; Glue into the latex factory 14.
1 (-0.
4) yuan / kg
.
Hainan state-owned glue into the whole dairy factory to produce whole milk 15000 (+0) yuan / ton, into the concentrated milk factory to produce concentrated milk 15000 (-2000) yuan / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 11400 (+0) yuan / ton; The market price of cis-butadiene rubber is 10800 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 223170 tons, + 710 tons; NR warehouse receipt 38,395 tons, +0 tons
.
Main positions: RU2101 Top 20 Long Positions 100289, +1253; Short Positions 129309, -684;

Summary: In the early stage, the main production areas at home and abroad rainfall led to the tightness of raw materials, especially in Hainan production area successive typhoon, rainfall weather impact is significant, rubber farmers rubber tapping workers are difficult to carry out normally, raw material competition phenomenon is obvious, glue into the concentrated dairy plant price into the whole dairy plant significantly increased, but the premium range is too large also brought about the replacement of whole milk, the recent price of concentrated dairy plant has fallen sharply, but into the whole dairy plant raw materials remain firm, Hainan will usher in a new typhoon, it is expected that the raw material tightness will continue
。 On the demand side, the operating rate of tire factories continued to increase month-on-month, and was significantly higher than the same period last year, orders remained stable and improving, and domestic heavy-duty truck sales increased year-on-year and decreased
month-on-month.
Overall, the tight supply and demand of natural rubber has not improved, but affected by the second outbreak of the epidemic in Europe and the United States and the US election, the rise in market risk aversion has brought about profit taking in the early stage, and the RU2101 contract focuses on the support around 14350 below the short-term, and the NR2101 contract focuses on the 10500 first-line support, and should not be overly short-chased
.