Rubber contracts fluctuated slightly and closed slightly lower in late trading

News: China's automobile production and sales in January and January were 1.
783 million and 1.
941 million units
, respectively.
2.
Vietnam's exports of tianjiao and mixed rubber in January fell
year-on-year.
3.
According to Longzhong information statistics, the operating rate of semi-steel tire manufacturers last week was 12.
1%, up 1.
92% month-on-month and down 21.
53% year-on-year; The operating rate of all-steel tire manufacturers was 15.
4%, up 3.
34% month-on-month and down 18.
1%
year-on-year.

Market quotation: Shanghai market 18-year state-owned full latex reported 11400 (+0) yuan / ton, Vietnam 3L reported 11600 (+0) yuan / ton, Thailand No.
3 tobacco film reported 13650 (+0) yuan / ton
.
Qingdao market STR20 stock spot reported 1390 (+0) US dollars / ton, Qingdao market STR20 January cargo reported 1390 (+0) US dollars / ton
.
Thai Hat Yai raw material market raw film 41.
9 (+0.
2) baht/kg; Tai San Tobacco Tablets 45.
29 (+0.
52) THB/kg; field glue 42.
2 (+0.
4) baht/kg; 34.
7 (+0.
5) THB/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 9600 (-400) yuan / ton; The market price of cis-butadiene rubber is 9600 (-400) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 237440 tons, -20 tons; NR warehouse receipts 33,386 tonnes, +1,915 tonnes
.
Main positions: RU2005 Top 20 long positions 75290, -763; short positions 110066, -21; long and short decrease, net short increased
.
NR2003 Top 20 long positions 2821, -124; short positions 2891, -114
.

Summary: The delay in the resumption of work by tire companies will adversely affect short-term natural rubber demand, and the accumulation of inventory caused by the increase in imports in the early stage will also put pressure on rubber prices
.
However, at present, the world has entered a low production period, and southern Thailand will also stop cutting early due to weather impacts, and the supply side supports futures prices
.
The recent epidemic control performance is optimistic, downstream tire factories have recovered one after another, and demand has gradually opened
.
On the market, the RU2005 contract fluctuated slightly, and the market paid attention to the pressure above the 11850 line, and traded in the 11550-11850 range in the short term; The NR2004 contract focuses on pressure around 9950 and is recommended to trade
in the 9600-9950 range in the short term.