Rubber downward rebounded and futures prices closed slightly higher

News: 1.
According to Longzhong Information statistics, the operating rate of semi-steel tire manufacturers last week was 67.
93%, down 0.
35% month-on-month and up 1.
13% year-on-year; The operating rate of all-steel tire manufacturers was 68.
49%, up 0.
38% month-on-month and down 4.
58%
year-on-year.
2.
Light vehicle sales in Russia in October decreased by 5.
2%
y/y.
3.
Indonesia's natural rubber exports in October increased by 2.
2%
month-on-month.

Market quotation: the quotation of 18-year state-owned whole milk (Yunxiang) in the Shanghai market is 11850 (+0) yuan / ton; Vietnam 3L quotation 11850 (+0) yuan / ton; Thailand No.
3 tobacco flakes 14350 (+0) yuan/ton; Yunnan 19 years full latex 12100 (+0) yuan / ton
.
Thai Hat Yai raw material market raw film 39.
05 (+0.
15) baht/kg; Tai San Tobacco Tablets 41.
55 (+0.
15) THB/kg; field glue 39.
3 (+0) baht/kg; 33.
8 (-0.
2) THB/kg
.
SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1425 (+0) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1425 (+0) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1440 (+0) US dollars / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10800 (+0) yuan / ton; The market price of cis-butadiene rubber is 10900 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 159810 tons, +100 tons; NR warehouse receipt 202 tons, +202 tons
.
Main positions: RU2005 top 20 long positions 86071, +4260; short positions 123467, +5925; long and short increased, net short increased
.
NR2003 top 20 long positions 23624, +378; short positions 23132, +623; long and short increased, net long decreased
.

Summary: At present, the domestic Yunnan production area has entered the period of suspension, but Southeast Asia is still in the period of strong supply, and the future supply pressure remains
.
Recently, the overall operation of Shandong tire enterprises is stable, and it is currently in the stage of strict environmental protection inspection in autumn and winter, and the start of enterprises will be affected from time to time, coupled with the current weak sales growth, it is difficult for manufacturers to have room for improvement
.
In terms of the end market, the sales volume of heavy trucks continued to improve, and near the end of the year, the elimination and renewal policy of diesel trucks under China III stimulated the demand for new vehicles in the heavy truck market, which supported the consumption of natural rubber
.
Technically, the Shanghai rubber RU2005 contract is downward and rebounded, the lower 12650 line support is better, short-term focus on the pressure around 13000 above, it is recommended to trade in the 12720-13000 range; The NR2003 contract increased its position and closed higher, and it is recommended to trade
in the 10700-11000 range in the short term.