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Weather in rubber producing areas: In the next two weeks, the rainfall in southern Thailand is moderately low, and local light rain will have little impact on rubber tapping, and the trend of raw material output will increase
.
1.
In the first 11 months of 2021, Thailand's exports of natural rubber (excluding compound rubber) totaled 3.
096 million tons, an increase of 29%
year-on-year.
Among them, the total export of standard rubber was 1.
537 million tons, a year-on-year increase of 58%; The export of tobacco flake gum was 457,000 tons, an increase of 33% year-on-year; Latex exports were 1.
085 million tons, a year-on-year increase of 4%.
2.
According to the latest data released by the Automotive Industry Group of the Thai Institute of Industry, the total vehicle production in November 2021 was 165,353 units, and the annual production is expected to exceed 1.
6 million units, with export-oriented production capacity contributing up to 32.
6% increase
.
Looking ahead to 2022, total production is expected to rise to 1.
8 million units
.
The Thai government has just passed a five-year incentive tax rate for new energy vehicles
.
At present, the domestic Yunnan production area is in the suspension period, the Hainan production area is also close to the shutdown, the recent rainfall in southern Thailand has weakened, and the output is expected
to increase.
Due to the soaring freight rates in Southeast Asia, it is difficult to increase the import volume significantly month-on-month, and Qingdao has continued to destocking recently, but due to the decline in downstream procurement enthusiasm, the decline in inventory has slowed down
.
Last week, the operating rate of domestic tire factories rose month-on-month, and the start of maintenance manufacturers gradually recovered, driving the overall start to increase slightly, and there are still many uncertainties in the impact of policies such as the Winter Olympics, and manufacturers have moderately reserved inventory
.
However, the inventory of dealers is high, and the foreign trade orders of tire factories are reduced, and the replacement of domestic terminals is gradually coming to an end, coupled with the obvious increase in raw material inventory of factories, the procurement process of tire factories for tianjiao may slow down
.
On the market, the RU2205 contract reduced its position and closed higher, focusing on the pressure around 14500 in the short term, and it is recommended to trade
in the 14200-14500 range.