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The rubber RU2105 contract opened low and volatile on Wednesday, and the futures price closed lower
.
The current price closed at 14105, -1.
98% from the previous trading day; Volume 642807 lots, position volume 215365 lots, -2075, basis -1005; RU5-9 spread -65
.
The NR2103 contract futures closed at 10415, -1.
47% from the previous session; Volume 10482 lots, position volume 22875 lots, +1218; NR02-03 spread -135
.
News: 1.
Thailand's Suphanburi province announced a lockdown of Sompinh district
from December 23.
2.
Samut Prakan Province announced a lockdown
from December 22.
3.
Cambodia tightens prevention and control measures
on the border with Thailand.
4.
According to Longzhong Information statistics, the operating rate of semi-steel tire manufacturers last week was 55.
46%, down 12.
83% month-on-month and 9.
83% year-on-year; The operating rate of all-steel tire manufacturers was 58.
89%, down 13.
70% month-on-month and 5.
51%
year-on-year.
Market quotation: Shanghai market 19 years state-owned full latex reported 13100 (-600) yuan / ton, Vietnam 3L reported 12900 (-400) yuan / ton, Thailand No.
3 tobacco film reported 18300 (-500) yuan / ton
.
Qingdao market STR20 warehouse spot reported 1530 (-90) US dollars / ton, Qingdao market STR20 December cargo reported 1540 (-90) US dollars / ton
.
Field glue in Hat Yai raw material market in Thailand 51.
5 (-1.
5) baht/kg; Cup gum 38.
75 (-1.
25) baht/kg
.
Hainan state-owned glue into the whole dairy plant to produce whole milk 12500 (-200) yuan / ton, into the concentrated dairy plant to produce concentrated milk 13200 (-500) yuan / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China market price 11300 (+0) yuan / ton; The market price of cis-butadiene rubber is 10700 (+0) yuan / ton
.
Warehouse receipt inventory: RU warehouse receipt 154710 tons, + 900 tons; NR warehouse receipt 45,683 tons, +0 tons
.
Main positions: RU2105 Top 20 long positions 97871, + 382; short positions 137336, -2681; increase and decrease short, net space decrease.
Summary: At present, the domestic Yunnan production area is in the suspension period, and the lowest temperature in many cities and counties in the Hainan production area touches the cutting temperature of tianjiao, and some areas have stopped cutting one after another, and it is difficult to improve the marginal output of full latex
.
Although Thailand is still in the peak production period, the recent epidemic has led to the "lockdown" of some parts of Thailand, and the spot price of dark rubber has been supported
by the strengthening of foreign labor control.
In terms of inventory, the inventory of tianjiao in Qingdao continued to decline, of which the decline in general trade inventory increased, and the pressure of dark rubber inventory decreased
.
On the demand side, environmental protection production restrictions have an impact on the operating rate of tire factories, domestic tire starts have fallen sharply, at present, Dongying, Weifang, Heze launched heavy pollution weather red warning level I.
emergency response, coupled with export due to tight containers and rising sea freight caused by export order delivery difficulty, it is expected that short-term tire start recovery is difficult
.
On the market, the RU2105 contract opened low and fluctuated, and it is recommended to trade in the 13900-14250 range in the short term; The NR2103 contract is recommended to trade
in the 10350-10600 range.