Rubber contracts increase positions and futures prices are higher

News: 1.
According to Longzhong information statistics, as of the week of September 30, the operating rate of domestic semi-steel tire manufacturers was 70.
63%, down 0.
21% from the previous month and up 9.
37% from the same period last year; The operating rate of all-steel tire manufacturers was 74.
95%, down 0.
17% month-on-month and up 12.
46%
year-on-year.
In February and August, U.
S.
tire imports increased year-on-year, a five-year novelty
.
3
.
Vietnam's exports of sky rubber and mixed rubber in September ended four consecutive months of growth.
4.
Cambodia exported nearly 180,000 tons of rubber in the first 9 months
.

Market quotation: Shanghai market 18-year state-owned full latex reported 12650 (+500) yuan / ton, Vietnam 3L reported 12200 (+350) yuan / ton, Thailand No.
3 tobacco film reported 17050 (+400) yuan / ton
.
Qingdao market STR20 stock spot reported 1600 (+60) US dollars / ton, Qingdao market STR20 October cargo reported 1580 (+60) US dollars / ton
.
Thailand Hat Yai raw material market field glue 51.
5 (+0.
3) baht/kg; Cup glue 37.
15 (+0.
4) baht/kg
.
Domestic Yunnan Xishuangbanna glue into the dry rubber factory 10.
5-10.
9 (+0/+0) yuan / kg, into the latex factory 11 (+0) yuan / kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China Market price 9300 (+300) yuan / ton; The market price of cis-butadiene rubber is 9000 (+300) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 213890 tons, - 300 tons; NR warehouse receipts 34,657 tons, - 201 tons
.

Main positions: RU2101 Top 20 long positions 94031, + 6881; Short positions 129776, + 8543; long and short increase, net short increase
.

Summary: In October, there was more rainfall in the main producing areas at home and abroad, resulting in the tightness of raw materials, and the sharp rise in raw material prices pushed futures prices higher
.
This, combined with the November and December La Niña forecasts from meteorological research institutes, boosted sentiment
.
On the demand side, downstream tire starts are high year-on-year, orders remain stable and good, domestic heavy-duty truck sales in September rose year-on-year and month-on-month, indicating strong tire demand, and excavator sales increased by 50% year-on-year, which also indicates that heavy-duty truck sales are still good
.
Coupled with the general rise of commodities and stock markets, the RU2101 contract broke through the pressure of the 13000 mark, and the short-term focus on the 13350 line pressure, it is recommended to trade in the 13000-13350 range; The NR2012 contract focuses on the pressure around 10050 and recommends the shock idea to treat
.