Rubber contracts reduced their positions and reduced their positions, and the futures price fluctuated to close higher

News: 1.
Four departments: The subsidy standard for new energy vehicles will be reduced by 20%
from 2020.
2.
Shandong's three-year battle against pollution has ended successfully The "14th Five-Year Plan" will continue to increase efforts
.
3.
According to Longzhong Information, the operating rate of domestic semi-steel tire manufacturers last week was 49.
35%, down 1.
53% month-on-month and 10.
07% year-on-year; The operating rate of all-steel tire manufacturers was 52.
18%, down 1.
05% month-on-month and 6.
89%
year-on-year.
4.
According to Longzhong Information, starting from December 31, 2020, Qingdao Customs began to strictly investigate the PRI value (plasticity retention index) in the natural rubber test report must be greater than 60%, I heard that some trading enterprises imported technology classification natural rubber when the value is unqualified and will not be released, if it does not meet the standard, it needs to be declared
according to 40012900 (other primary shape natural rubber).

Market quotation: Shanghai market 19 years state-owned full latex reported 13450 (+400) yuan / ton, Vietnam 3L reported 13150 (+300) yuan / ton, Thailand No.
3 tobacco film reported 18800 (+450) yuan / ton
.
Qingdao market STR20 stock spot reported 1560 (+10) US dollars / ton, Qingdao market STR20 January cargo reported 1560 (+10) US dollars / ton
.
Field glue at Hat Yai raw material market in Thailand 48.
5 (+0.
5) baht/kg; Cup gum 37 (-0.
25) baht/kg
.
Hainan state-owned glue into the whole dairy plant to produce whole milk 12500 (+0) yuan / ton, into the concentrated milk factory to produce concentrated milk 13200 (+0) 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 10500 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 160570 tons, +0 tons; NR warehouse receipts 46892 tons, + 403 tons
.
Main positions: RU2105 top 20 long positions 94918, - 3455; short positions 138641, -1371; long and short are reduced together, net short increases
.

Summary: At present, the domestic Yunnan production area is in the suspension period, and Hainan will also enter the general suspension period
in early January.
Although Thailand is still in the peak production period, Thailand's new crown lockdown measures continue to tighten, ship space is tight, freight rates are high, and production and export volumes are expected to be reduced; In addition, heavy rainfall is expected in southern Thailand recently, and if it continues, it will have an impact on rubber tapping operations, thereby suppressing the output of
new rubber.
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, Shandong's environmental protection production restrictions have been lifted, and tire starts are expected to rise month-on-month, but in terms of exports, due to tight containers and rising sea freight, it is difficult to deliver export orders, and the short-term tire start increase may be relatively limited
.
It is reported that the customs has recently strictly inspected the plastic value retention rate of imported tianjiao, and due to the high proportion of non-compliance at present, there is a replacement relationship of domestic tire rubber; In addition, due to the short-term tight supply of imported rubber that meets the requirements, No.
20 glue has been boosted
.
On the market, the RU2105 contract focuses on the pressure around 14350 in the short term, and it is recommended to trade in the 14000-14350 range; The NR2103 contract is recommended to trade
in the 10500-10900 range for short term.