Rubber prices have limited room to fall, waiting for the market to stabilize

No.
2, RU main closed at 14745 (-475) yuan / ton, mixed rubber quotation 13875 yuan / ton (-75), main contract basis -870 yuan / ton (+400); The top 20 main long positions are 85344 (-2974), short positions 120162 (+261), and net short positions are 34818 (+3235).

No.
2, NR main closing price 11615 (-365) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1795 (+25) US dollars / ton, Malaysia standard rubber 1790 US dollars / ton (-25), Indonesia standard rubber 1760 (-30) US dollars / ton
.
The basis of the main contract is -400 (+178) yuan / ton
.

As of November 26: total stock on the exchange 188,350 (+8,827), exchange warehouse receipt 140,470 (+12,300).

Raw materials: raw film 55.
55 (0), cup glue 48.
75 (+0.
05), glue 59.
5 (-0.
5), tobacco film 60.
62 (-0.
73).

As of November 25, the domestic all-steel tire operating rate was 65.
96% (+0.
48%), and the domestic semi-steel tire operating rate was 62.
25% (+0.
99%)
.

Weather in rubber producing areas: rainfall will be light in most areas of Southeast Asia in the coming week, but rainfall in southern Thailand and central Vietnam will remain high, which will have a certain impact on rubber tapping; China, the Malay Peninsula and Indonesia have less rainfall, which has little impact on the tapping work
.

News: 1.
According to the preliminary data of the first commercial vehicle network, in November this year, China's heavy-duty truck market is expected to sell about 50,000 vehicles of various types (invoice caliber), down 6.
5% month-on-month and 63% year-on-year, setting the lowest monthly sales level this year, slightly lower than the "bottom" sales (51,300 units) in August this year, and about 85,600 units
less than the same period last year.
2.
The second round of the fifth batch of central ecological environmental protection inspectors was fully launched
.

The opening and operation of the China-Laos Railway this week has made the market expect that the import progress of domestic alternative indicators will accelerate, bringing about an increase in short-term domestic supply recovery expectations, while the uncertainty of the South African variant virus has brought about an increase in demand-side concerns, jointly promoting the decline in rubber prices this week, but the current tight domestic supply pattern of rubber has not been effectively improved, and the space for decline is expected to be limited
.
Wait for the market to stabilize
.