Rubber contracts soared back down, and futures prices fluctuated to close higher

News: 1.
According to Longzhong Information statistics, as of the week of October 16, the operating rate of domestic semi-steel tire manufacturers was 71.
11%, up 2.
89% month-on-month and 7.
92% year-on-year; The operating rate of all-steel tire manufacturers was 74.
98%, up 0.
95% month-on-month and 7.
39%
year-on-year.
2.
China Association of Automobile Manufacturers: China sold 2.
565 million vehicles in September, up 12.
8%
y/y.
3.
General Administration of Customs: China's rubber imports in September increased by 59% year-on-year to 866,000 tons
.

Market quotation: Shanghai market 18-year state-owned full latex reported 13700 (+550) yuan / ton, Vietnam 3L reported 13250 (+600) yuan / ton, Thailand No.
3 tobacco film reported 18100 (+600) yuan / ton
.
Qingdao market STR20 stock spot reported 1630 (+30) US dollars / ton, Qingdao market STR20 October cargo reported 1610 (+30) US dollars / ton
.
Field glue at Hat Yai raw material market in Thailand 56.
5 (+2.
5) baht/kg; Cup gum 38.
9 (+0.
4) baht/kg
.
Domestic Yunnan Xishuangbanna glue into the dry rubber factory 11.
1-11.
5 (+0.
2/+0.
2) yuan / kg, into the latex factory 11.
9 (+0.
5) yuan / kg
.
Hainan state-owned glue into the whole dairy plant to produce whole milk 12500 (+700) yuan / ton, into the concentrated dairy factory to produce concentrated milk 15300 (+600) yuan / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China Market price 10200 (+500) yuan / ton; The market price of cis-butadiene rubber is 9700 (+400) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 219700 tons, + 7670 tons; NR warehouse receipts 35967 tons, + 303 tons
.
Main positions: RU2101 Top 20 long positions 105538, -2726; short positions 136069, -5828; long and short reduction, net space reduction
.

Summary: Recently, there has been a lot of rainfall in the main producing areas at home and abroad, resulting in tight raw materials and rising prices
.
At present, the weather conditions in Banna are good, and the rubber tapping and collecting work is basically normal; The rainy weather in Hainan production area has a significant impact, it is difficult for rubber farmers to carry out normally, the competition for raw materials is obvious, and the price of glue into the concentrated dairy plant has risen sharply into the whole dairy plant
.
In terms of inventory, the total inventory inside and outside the Qingdao Free Trade Zone is still above 800,000 tons, and the pressure on the inventory outside the zone is significant
.
On the demand side, the operating rate of tire factories is significantly higher than the same period last year, orders remain stable and good, and domestic heavy-duty truck sales increase year-on-year and month-on-month to show strong tire demand
.
On the market, the RU2101 contract fell back after a sharp rise, and technical pressure appeared, and it is not recommended to continue to chase long in the short term; The NR2012 contract is recommended to trade
in the 9900-10500 range.