Rubber contracts opened high and went low, and futures prices fluctuated and closed down

News: 1.
Thai Rubber Authority: On November 27, the second phase of the first subsidy
was issued to 1.
8 million rubber farmers nationwide.
2.
Thailand's exports of tianjiao in October increased
year-on-year.
3.
According to Longzhong information statistics, the operating rate of domestic semi-steel tire manufacturers last week was 71.
19%, down 0.
66% month-on-month and up 2.
91% year-on-year; The operating rate of all-steel tire manufacturers was 74.
04%, down 2.
23% month-on-month and up 5.
93%
year-on-year.

Market quotation: Shanghai market 19 years state-owned full latex reported 13900 (-100) yuan / ton, Vietnam 3L reported 13550 (-200) yuan / ton, Thailand No.
3 tobacco film reported 18700 (-150) yuan / ton
.
Qingdao market STR20 stock spot reported 1635 (+0) US dollars / ton, Qingdao market STR20 November cargo reported 1625 (+0) US dollars / ton
.
Field glue in Hat Yai raw material market in Thailand 53.
5 (+0) baht/kg; Cup gum 39.
4 (+0.
15) baht/kg
.
Domestic Yunnan Xishuangbanna glue into the dry rubber factory 12.
7-13.
3 (0/0) yuan/kg; The glue goes into the latex factory 13.
6 (+0) yuan/kg
.
Hainan state-owned glue into the whole dairy factory to produce whole milk 13300 (+0) yuan / ton, into the concentrated dairy factory to produce concentrated milk 15700 (+200) yuan / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 11900 (+300) yuan / ton; The market price of cis-butadiene rubber is 11200 (+200) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 87200 tons, + 7290 tons; NR warehouse receipt 40,078 tons, +0 tons
.

Main positions: RU2101 top 20 long positions 51414, - 4246; short positions 69342, - 5595; long and short are reduced together, net short is reduced
.

Summary: At present, the cutting period in Yunnan production area is approaching, the factory is more enthusiastic about purchasing low-priced raw materials, and the price of raw materials has increased; A small amount of rainfall in the recent rubber tapping period in Hainan production area affected rubber tapping, and the price of raw materials rose sharply again, and the direction of concentrated milk continued to rise in the direction of whole milk, and the diversion of whole milk still existed
.
Southeast Asian production areas are still in a high production period recently, with sufficient raw material supply and prices remaining volatile
.
In terms of inventory, the inventory of new rubber warehouse receipts after the delivery of old rubber is at a historical low, and the small number of delivered products continues to affect the futures price
.
Rubber inventories in Qingdao have continued to decline recently, and the pressure on spot inventory has eased
slightly.
On the demand side, affected by environmental protection production restrictions and the shortage of foreign trade capacity, the operating rate of tire factories fell month-on-month, and the second outbreak of the overseas epidemic also made export orders in December expected
to decline.
On the plate, the RU2101 contract fell back in shock, focusing on the support around 14500 in the short term, and it is recommended to trade in the 14500-15000 range; The NR2102 contract is recommended to trade
in the 10650-11050 range.