Rubber contracts reduced their positions and increased futures prices slightly higher

News: 1.
In December 2019, Malaysia's tianjiao production continued to increase
year-on-year.
2.
In 2019, Malaysia's tianjiao exports decreased by 1.
3% year-on-year, and imports increased by 6.
7%.

3.
According to Longzhong information statistics, the start of semi-steel tire manufacturers last week was 10.
18%, flat month-on-month, down 4.
74% year-on-year; The start of all-steel tire manufacturers was 12.
06%, stable month-on-month, down 0.
94%
year-on-year.

Market quotation: Shanghai market 18-year state-owned full latex reported 11250 (+100) yuan / ton, Vietnam 3L reported 11450 (+50) yuan / ton, Thailand No.
3 tobacco film reported 13500 (+50) yuan / ton
.
Qingdao market STR20 warehouse spot reported 1375 (+0) US dollars / ton, Qingdao market STR20 January cargo reported 1375 (+0) US dollars / ton
.
Thai Hat Yai raw material market raw film 40.
44 (+0.
04) baht/kg; Tai San Tobacco Tablets 42.
22 (+0.
57) THB/kg; Field glue 39.
7 (+0.
2) baht/kg; 32.
8 (+0) THB/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 10800 (+0) yuan / ton; The market price of cis-butadiene rubber is 10800 (+0) yuan/ton
.

Warehouse receipt inventory: RU warehouse receipt 236760 tons, +0 tons; NR warehouse receipts 27,338 tonnes, +1,512 tonnes
.
Main position: RU2005 Top 20 long positions 79118, -399; short positions 115300, -899; long and short are reduced, net short is reduced
.
NR2003 Top 20 long positions 4370, -561; short positions 4491, -357
.

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
.
And the recent epidemic control performance is optimistic, downstream tire factories have gradually recovered, and demand has gradually opened
.
On the plate, the RU2005 contract reduced its position and closed higher, the 10450 line supported the futures price, and the future market paid attention to the pressure around 10680, short and multi-idea operation; The NR2004 contract focuses on the pressure around 9810 and operates with short and long ideas
.