Domestic production areas entered the period of suspension of cutting, and rubber futures prices closed slightly down

News: 1.
In 2019, China's rubber imports fell by 6.
2%
year-on-year.
2.
In November 2019, Malaysia's production of tianjiao increased
year-on-year.
3.
According to Longzhong Information statistics, the operating rate of semi-steel tire manufacturers last week was 64.
77%, up 5.
35% month-on-month and 0.
27% year-on-year; The operating rate of all-steel tire manufacturers was 65.
76%, up 6.
69% month-on-month and down 3.
14%
year-on-year.

Market quotation: the quotation of 18-year state-owned whole milk (cloud elephant) in the Shanghai market is 12350 (-200) yuan / ton; Vietnam's 3L quotation is 12500 (-150) yuan / ton; Thailand No.
3 tobacco flakes 14600 (-200) yuan/ton; Yunnan 19 years full latex 12700 (+0) yuan / ton
.
Thai Hat Yai raw material market raw film 39.
99 (-1.
21) baht/kg; Tai San tobacco tablets 44.
6 (-0.
28) baht/kg; field glue 42.
2 (+0.
5) baht/kg; 35.
7 (+0.
2) THB/kg
.
SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1520 (+0) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse price increase of 1515 (+0) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1530 (+0) US dollars / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11100 (+0) yuan / ton; The market price of cis-butadiene rubber is 11100 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 235650 tons, +300 tons; NR warehouse receipts 8,769 tonnes, +403 tonnes
.
Main positions: RU2005 top 20 long positions 102700, -1412; short positions 151076, -1508; long and short minus, net short reduction
.
NR2003 Top 20 Long Positions 10322, -22; Short Positions 11085, -486
.

Summary: At present, the domestic production area has entered the period of suspension, while Southeast Asia is still in the period of strong supply, the recent release of raw materials in southern Thailand, the high profit of processing plants has driven the enthusiasm for production, and there is an expectation
of growth in the later output.
In the downstream, due to the recovery of maintenance manufacturers, the recent recovery of domestic tire factory starts has risen, but the Spring Festival is approaching, there is an expectation of suspension of production and holiday, and it is expected that the later operation of manufacturers will be mainly declining
.
In terms of the end market, the sales volume of heavy trucks continued to improve, and 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
.
RU2005 contract closed slightly lower, futures price intraday volatility, short-term attention to the support around 13000 below and the pressure above 13450, oscillation idea operation; The NR2004 contract is recommended to trade
in the 10900-11200 range.