Rubber rose strongly, and the short-term chasing risk was greater

News: 1.
The Passenger Association predicts that the domestic automobile market will grow by 1%
in 2020.
2.
Ministry of Commerce: Announcement
of review and investigation during the initiation of anti-dumping measures applicable to imported halobutyl rubber.
3.
According to Longzhong information statistics, the operating rate of semi-steel tire manufacturers last week was 68.
81%, up 1.
05% month-on-month and 1.
31% year-on-year; The operating rate of all-steel tire manufacturers was 68.
19%, up 0.
95% month-on-month and down 5.
31%
year-on-year.

Market quotation: the quotation of 18-year state-owned whole milk (Yunxiang) in the Shanghai market is 11500 (+50) yuan / ton; Vietnam 3L quotation 11450 (+100) yuan / ton; Thailand No.
3 tobacco tablets 14100 (+0) yuan/ton; Yunnan 19 years full latex 11350 (+0) yuan / ton
.
Thai Hat Yai raw material market raw film 38.
6 (-0.
59) baht/kg; Tai San Tobacco Tablets 40.
51 (+0.
52) THB/kg; field glue 36.
5 (-0.
9) baht/kg; 32.
5 (+0) THB/kg
.
SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1360 (+5) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1355 (+5) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1370 (+5) US dollars / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10600 (+0) yuan / ton; The market price of cis-butadiene rubber is 10800 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 455550 tons, -4040 tons; NR warehouse receipt 0 tons
.
Main positions: RU2001 Top 20 long positions 65881, +4424; short positions 93601, +1319
.
Long and short increase together, headroom decreases
.

Summary: At present, rubber tapping in the domestic Yunnan production area has come to an end, and the price of raw materials has increased
.
Southeast Asia is still in a period of strong supply, and the supply pressure will still be greater
in the future.
Recently, the start of Shandong tire enterprises has increased slightly, as export orders remain active, and at the same time, in order to impact the annual production task, appropriate production increase to support a slight increase
in starts.
However, it is currently in the stage of strict environmental protection inspection in autumn and winter, and the start of enterprise construction will be affected
from time to time.
In terms of the end market, the sales volume of heavy trucks continued to improve, and near the end of the year, the elimination and renewal policy of diesel trucks under China III stimulated the demand for new vehicles in the heavy truck market, which supported the consumption of natural rubber
.
Affected by the impetus of funds, the volume of Shanghai rubber RU2001 contract rose during the day, the futures price stood on the 12500 line, and the XR2002 contract futures price hit a new high since listing, but due to the lack of fundamental substantial bullish support, short-term chasing risk is greater, it is recommended to see more and move less, wait-and-see
.