Southeast Asian freight soars, rubber imports are difficult to increase

According to the Rubber Market Intelligence Report recently released by ANRPC, China's rubber imports will increase
by January 2022 due to demand before the Spring Festival.
There is a seasonal supply shortage as rubber trees in major producing countries overwinter each year, while Chinese manufacturers are expected to stock up on natural rubber stocks
ahead of the week-long Lunar New Year holiday.

ANRPC's latest November report predicts that global production of tianjiao in 2021 is expected to increase by 2.
1% year-on-year to 13.
882 million tons
.
Among them, Thailand decreased by 3.
9%, Indonesia increased by 2.
8%, China increased by 22.
9%, India increased by 15.
3%, Vietnam increased slightly by 0.
3%, and Malaysia increased by 2.
9%.

At present, the domestic Yunnan production area is in the period of suspension, and the Hainan production area has also stopped cutting, and 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 fell slightly month-on-month, and the start of maintenance manufacturers resumed to boost, but under the pressure of finished product inventory, superimposed on the reduction of foreign trade orders of tire factories, the replacement of domestic terminals is coming to an end, manufacturers are cautious in scheduling, and the short-term operating rate is expected to be difficult to significantly increase
.
On the market, the RU2205 contract reduced its position and closed higher, focusing on the pressure around 14830 in the short term, and it is recommended to trade
in the 14600-14830 range.