Fundamentals turned good, Shanghai rubber maintained bottoming out and stabilizing

Nippon 1705 contract opens at 259.
2 yen/kg, the highest price is 263.
2 yen/kg, the lowest price is 255.
7 yen/kg, and the closing price is 262 yen/kg; The trading volume was 2321 lots, and the position volume was 11480 lots
.

Domestic sales area market: Shanghai market, Yunnan 15-year full latex quotation 15900 (-) yuan / ton; Shandong market, Yunnan 15-year full latex quotation 15900 (-) yuan / ton; Hengshui market, 15-year state-owned whole milk tax-free quotation 15200 (-) yuan / ton, Yunnan market, 15-year Yunxiang full latex quotation 16800 (+500) yuan / ton
.
(30-day quotations are rare, except for Yunnan market, the rest are 29-day quotations)

The last natural rubber futures warehouse receipt increased by 410 tons
compared with yesterday.
The natural rubber warehouse in the previous period reported 230,980 tons
.
Among them, Shanghai increased by 350 tons, Yunnan Ping, Shandong decreased by 140 tons, Tianjin increased by 200 tons, Hainan Ping
.

The main contract of Shanghai rubber 1705 was on the
strong side on Friday.
From the 60-minute K-line chart, the K-line returned to above the 40-day moving average, the short-term moving average was good, and the technical indicator MACD red bar continued; On the daily chart, the K-line oscillates near the 40-day moving average, and the MACD green bar continues
.
Trading volume and position volume decreased
.
Overall, the technical picture shows signs
of improvement.

The top 20 members held positions, long 64215 (-602), short 75057 (-2499), net 10842
.

Information: In November, China's tire exports reached 40.
82 million, a year-on-year increase of 26.
7% and a month-on-month increase of 23.
8%.

In the first 11 months, China's tire exports totaled 429.
087 million tires, a year-on-year increase of 6.
2%.

Affected by the weather, in the first 11 months of this year, Thailand's tianjiao exports fell by 2%
year-on-year.
In addition to the 16.
6% year-on-year increase in latex exports, other varieties of tianjiao all declined
year-on-year.
Among them, tobacco film gum decreased by 16.
6% year-on-year, and standard glue decreased by 5.
6%
year-on-year.
As supply gradually recovered, Thailand's exports rebounded by 4.
3%
month-on-month in November.
Among them, the tobacco film rubber ring increased the most, reaching 27%, the standard rubber ring increased by 3.
4%, and the latex ring decreased by 1.
8%; However, this month's year-on-year perspective, standard rubber and latex increased by 2.
3% and 6.
7% respectively, and tobacco film rubber decreased by 16.
1%.

Comprehensive analysis, last Friday Shanghai rubber shock sorting
.
Global fundamentals have improved, and the view
of bottoming out and stabilizing is maintained in the medium and long term.
The 01-05 spread closed at 605
as of the close.
It is expected that the Shanghai rubber will be mainly volatile during the day, and it is recommended that investors focus on wait-and-see, see more and move less
.