The Tianjiao market fell steadily, and Shanghai rubber futures fell back and fluctuated

Spot market: Today, the Tianjiao market fell steadily, and Shanghai rubber futures fell back and fluctuated
.
Dry rubber offers fell steadily, whole milk fell by about 0.
42% from the previous trading day, and latex offers remained stable
.
Rubber farmers' protests are limited in speculation, and market news says that rubber farmers have given up holding protests, with the expectation of increasing production on the supply side, the pressure on the global supply side is not reduced, and the downstream demand side has risen in the near future to be limited, and the spot transaction is more than small
.
It is expected that the stalemate in the market after Tianjiao will fall
slightly.

From the perspective of supply, the main production areas of Southeast Asian tianjiao are currently in a high production period, and China's Yunnan and Hainan will enter a production reduction period
.
Data show that from January to September, global tianjiao production increased by 5.
4% year-on-year to 9.
132 million tons, consumption increased by 0.
8% year-on-year to 9.
249 million tons, and the output of tianjiao in September was 1.
094 million tons, down 6.
4% year-on-year and 8.
8%
month-on-month.

In terms of demand, data show that from January to September, China's automobile production and sales were 20.
3492 million units and 20.
2245 million units, respectively, a year-on-year increase of 4.
77% and 4.
47%.
In October, China's heavy-duty truck market sold approximately 92,000 units, down 9% m/m and up 32%
y/y.
Recently, the operating rate of domestic all-steel tires and semi-steel tires has continued to rise
.

In terms of import and export, China's imports of tianjiao in September were 230,000 tons, an increase of 21% year-on-year and 15% month-on-month, and synthetic rubber imports were 430,000 tons, an increase of 39% year-on-year and 16%
month-on-month.

In terms of stocks, at the end of October, the total rubber stocks in Qingdao Free Trade Zone continued to increase by 0.
05% to 199,000 tons, the stocks of tianjiao continued to fall by 4.
67% to 116,400 tons, and the stocks of synthetic rubber continued to increase by 7.
97% to 78,600 tons
.
Natural rubber inventories continued to show a downward trend, while synthetic rubber inventories maintained an upward trend, with total inventories little changed from mid-October
.
In addition, the inventory of the last period continued to increase
.

At present, the mainstream reference quotation in the market: the reference quotation of East China state-owned 16 full latex is 11850-11900 yuan / ton; The quotation of Tai San tobacco tablets is 14550-14650 yuan / ton; Vietnam's 3L quotation is around
12100-12200 yuan / ton.