Rubber contracts reduced their positions, and the futures price was volatile and closed down

News: 1.
The new round of epidemic in Thailand has spread to 46 provinces, but has not affected 31 provinces
for the time being.
2.
Heze, Dongying, Weifang and Shouguang cities lifted the level I emergency response
of heavy pollution.
3.
According to Longzhong information statistics, the operating rate of semi-steel tire manufacturers last week was 50.
88%, down 4.
58% month-on-month and 8.
54% year-on-year; The operating rate of all-steel tire manufacturers was 53.
23%, down 5.
66% month-on-month and 6.
97%
year-on-year.

Market quotation: Shanghai market 19 years state-owned full latex reported 13000 (-100) yuan / ton, Vietnam 3L reported 12800 (-100) yuan / ton, Thailand No.
3 tobacco film reported 18300 (-50) yuan / ton
.
Qingdao market STR20 stock spot reported 1540 (-10) US dollars / ton, Qingdao market STR20 January cargo reported 1540 (-10) US dollars / ton
.
Thailand Hat Yai raw material market field glue 48 (-2) baht/kg; Cup gum 37.
25 (-0.
5) 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 160470 tons, +0 tons; NR warehouse receipts 46,489 tons, + 403 tons
.
Main positions: RU2105 Top 20 Long Positions 101201, -2090; Short Positions 141892, -2207; Long and Short Reduction, Net Margin Reduction
.

Summary: At present, the domestic Yunnan production area is in the period of suspension, and some areas of Hainan are about to completely stop cutting
.
Although Thailand is still in the peak production period, Thailand's new crown lockdown measures are tightening, ship space is tight, freight rates are high, and production and export volumes are expected to
be reduced.
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
.
From the demand side, at present, Dongying, Weifang, Heze and Shouguang have successively lifted the heavy pollution level I.
emergency response, and there is an expectation of a month-on-month increase in tire starts, but in terms of exports, due to the shortage of containers and the rise in sea freight, it is difficult to deliver export orders, and the short-term tire start increase may be relatively limited
.
On the market, the RU2105 contract reduced its position and closed lower, focusing on the support around 13550 in the short term, and it is recommended to trade in the 13550-14150 range; The NR2103 contract is recommended to trade
in the 9800-10350 range for short term.