Rubber contracts reduced their positions, and the futures price closed in shock

News: 1.
Bureau of Statistics: China's August tire production increased by 13.
4%
year-on-year.
2.
In July 2020, the production of Malaysian tianjiao continued to increase
.
3.
Vietnam's mixed rubber exports to China continued to increase
in August.
4.
According to Longzhong information statistics, as of the week of September 18, the operating rate of domestic semi-steel tire manufacturers was 70.
66%, up 0.
36% month-on-month and 3.
31% year-on-year; The operating rate of all-steel tire manufacturers was 75.
05%, up 0.
19% month-on-month and 5.
09%
year-on-year.

Market quotation: Shanghai market 18-year state-owned full latex reported 12000 (+150) yuan / ton, Vietnam 3L reported 11650 (+200) yuan / ton, Thailand No.
3 tobacco film reported 16000 (+150) yuan / ton
.
Qingdao market STR20 stock spot reported 1460 (+30) US dollars / ton, Qingdao market STR20 September cargo reported 1470 (+30) US dollars / ton
.
Field glue in Hat Yai raw material market in Thailand 47.
3 (+0.
3) baht/kg; Cup gum 36 (+0.
3) baht/kg
.
Domestic Yunnan Xishuangbanna glue into the dry rubber factory 10-10.
6 (+0/+0.
1) yuan/kg, into the latex factory 10.
80 (+0) yuan/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 8800 (+0) yuan / ton; The market price of cis-butadiene rubber is 8500 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 211960 tons, -2440 tons; NR warehouse receipt 30,966 tons, +181 tons
.
Main positions: RU2101 top 20 long positions 93079, -1957; short positions 136155, -2941; long and short are reduced, net space is reduced
.

Summary: From the current fundamental point of view, the recent Banna weather is acceptable, rubber tapping is normal, and the supply of Banna raw materials tends to be normal
.
Overseas alternative planting index rubber has entered customs one after another, but Yunnan has recently been affected by epidemic prevention and control, and the rhythm of alternative planting index entry needs attention; The rainy weather in the Hainan production area is repeated, and the output of raw material glue is limited
.
In terms of inventory, the inventory of Qingdao Free Trade Zone is basically stable, and it is difficult to destocking rubber during the peak supply season
.
In the downstream, at present, the number of export orders in the factory is sufficient, and there is still a shortage of individual models for domestic sales, and the double festival is approaching, and the enthusiasm of dealers in various places has been slightly improved
.
The sales volume of the heavy-duty truck market continued to grow sharply year-on-year, showing strong demand for
terminals.
On the plate, the center of gravity of the RU2101 contract is raised, and the short-term focus is on the pressure around 12800, and it is recommended to trade in the 12570-12800 range; The NR2011 contract is recommended to trade
in the 9400-9600 range.