Shanghai rubber contract soared back down and volatility intensified during the day

News: 1.
Bureau of Statistics: China's September tire production fell 14.
5%
year-on-year.
2.
Bureau of Statistics: China's synthetic rubber production in September fell 6.
1% year-on-year to 681,000 tons
.
3.
In the first three quarters of 2021, the export volume of Ivory Coast Tianjiao increased by 9%
year-on-year.

Market quotation: Shanghai market 19 years state-owned full latex reported 14900 (+600) yuan / ton, Vietnam 3L reported 13800 (+250) yuan / ton
.
Qingdao market STR20 stock spot reported 1870 (+0) US dollars / ton, Qingdao market STR20 November cargo reported 1850 (+0) US dollars / ton
.
Qingdao RMB Thai mix 13000 (+0) yuan / ton, RMB horse mix 12900 (+0) yuan / ton
.
Hainan state-owned glue into the whole dairy plant 13300 (+200) yuan / ton, into the concentrated dairy plant 13800 (+200) yuan / ton
.
The purchase price of glue of dry rubber factory in Yunnan production area refers to 12-12.
9 (+0.
1/+0.
3) yuan/kg, and the purchase price of glue of concentrated dairy plant refers to 12.
8-13.
3 (+0.
2/+0.
5) yuan/kg
.
Thailand Hat Yai raw material market field glue 53 (+0.
5) baht/kg; Cup glue 49 (+0.
45) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 14300 (+0) yuan / ton; The market price of cis-butadiene rubber is 14700 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 211190 tons, +1690 tons; NR warehouse receipt 28819 tons, + 0 tons
.
Main positions: RU2201 top 20 long positions 87301, -5531; short positions 125020, -7210; long and short are reduced together, net short is reduced
.

Summary: The recent precipitation in Southeast Asia is still more, which still has a certain impact on the rubber tapping work, and the current natural rubber arrival situation is still less than expected, and it is expected that natural rubber imports in October may still be difficult to increase significantly, but there is a possibility of a
significant increase in November.
Although the operating rate of domestic tire factories rose month-on-month last week, it was still at a low level, and some factories were limited by electricity and other factors, and there were production restrictions or shutdowns, and the short-term operation increase was limited
.
Affected by the high price of raw materials and power and production restrictions, factories have a strong willingness to increase prices, but the terminal demand has not increased significantly, which drags the implementation of market price increases
.
On the intraday, the RU2201 contract rebound was blocked and retreated, focusing on support around 14800 in the short term
.