Rubber opens high and oscillates futures prices rise

News: 1
.
The State Council decided to carry out a new round of cars to the countryside and trade-in.
2.
Thailand's exports of tianjiao in October increased
year-on-year.
3.
According to Longzhong information statistics, the operating rate of domestic semi-steel tire manufacturers last week was 71.
19%, down 0.
66% month-on-month and up 2.
91% year-on-year; The operating rate of all-steel tire manufacturers was 74.
04%, down 2.
23% month-on-month and up 5.
93%
year-on-year.

Market quotation: Shanghai market 19-year state-owned full latex reported 14000 (+400) yuan / ton, Vietnam 3L reported 13750 (+450) yuan / ton, Thailand No.
3 tobacco film reported 18850 (+400) yuan / ton
.
Qingdao market STR20 warehouse spot reported 1635 (+5) US dollars / ton, Qingdao market STR20 November cargo reported 1625 (+5) US dollars / ton
.
Field glue in Hat Yai raw material market in Thailand 53.
5 (+0.
3) baht/kg; Cup gum 39.
25 (+0.
1) baht/kg
.
Domestic Yunnan Xishuangbanna glue into the dry rubber factory 12.
7-13.
3 (+0.
2/+0.
3) yuan/kg; Glue into the latex factory 13.
6 (+0.
3) yuan/kg
.
Hainan state-owned glue into the whole dairy plant to produce whole milk 13300 (+300) yuan / ton, into the concentrated dairy plant to produce concentrated milk 15500 (+300) yuan / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 11600 (+0) yuan / ton; The market price of cis-butadiene rubber is 11000 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 79910 tons, + 600 tons; NR warehouse receipt 40078 tons, + 202 tons
.

Main positions: RU2101 top 20 long positions 56051, - 6313; short positions 75300, - 6296; long and short with reduction, net short increased
.

Summary: At present, the cutting period in Yunnan production area is approaching, the factory is more enthusiastic about purchasing low-priced raw materials, and the price of raw materials has increased; A small amount of rainfall in the recent rubber tapping period in Hainan production area affected rubber tapping, and the price of raw materials rose sharply again, and the direction of concentrated milk continued to rise in the direction of whole milk, and the diversion of whole milk still existed
.
Southeast Asian production areas are still in a high production period recently, with sufficient raw material supply and prices remaining volatile
.
In terms of inventory, the inventory of new rubber warehouse receipts after the delivery of old rubber is at a historical low, and the small number of delivered products continues to affect the futures price
.
Rubber inventories in Qingdao have continued to decline recently, and the pressure on spot inventory has eased
slightly.
On the demand side, affected by environmental protection production restrictions and the shortage of foreign trade capacity, the operating rate of tire factories fell month-on-month, and the second outbreak of the overseas epidemic also made export orders in December expected
to decline.
On the market, the RU2101 contract and the NR2101 contract are both reducing their positions and rising, and the center of gravity of the future price operation is expected to continue to rise, and it is recommended to treat the volatility with more ideas
.