Rubber downward rebounded and futures prices fluctuated to close higher

News: 1
.
The State Council decided to carry out a new round of cars to the countryside and trade-in.
2.
Thailand's exports of tianjiao in October increased
year-on-year.
3.
According to Longzhong information statistics, the operating rate of domestic semi-steel tire manufacturers last week was 71.
19%, down 0.
66% month-on-month and up 2.
91% year-on-year; The operating rate of all-steel tire manufacturers was 74.
04%, down 2.
23% month-on-month and up 5.
93%
year-on-year.

Market quotation: Shanghai market 19-year state-owned full latex reported 13600 (-150) yuan / ton, Vietnam 3L reported 13300 (-150) yuan / ton, Thailand No.
3 tobacco film reported 18450 (-150) yuan / ton
.
Qingdao market STR20 stock spot reported 1630 (+20) US dollars / ton, Qingdao market STR20 November cargo reported 1620 (+20) US dollars / ton
.
Field glue in Hat Yai raw material market in Thailand 53.
2 (+0) baht/kg; Cup gum 39.
15 (+0.
65) baht/kg
.
Domestic Yunnan Xishuangbanna glue into the dry rubber factory 12.
5-13 (0/0) yuan/kg; Glue into the latex factory 13.
3 (-0.
1) yuan / kg
.
Hainan state-owned glue into the whole dairy plant to produce whole milk 13000 (+0) yuan / ton, into the concentrated milk factory to produce concentrated milk 15200 (+1200) yuan / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 11600 (+0) yuan / ton; The market price of cis-butadiene rubber is 11000 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 79310 tons, + 2590 tons; NR warehouse receipt 39,876 tons, +0 tons
.

Main positions: RU2101 Top 20 long positions 62723, - 5208; short positions 82722, - 7242; long and short reduction, net short reduction
.

Summary: Recently, rainfall in domestic production areas has decreased, rubber tapping has been carried out normally, and the production
of full latex has been greatly improved.
At present, the cutting period in Yunnan production area is approaching, the factory is more enthusiastic about purchasing low-priced raw materials, and the price of raw materials has increased; The price of raw materials into the concentrated dairy plant in Hainan has risen sharply again, and the diversion of concentrated milk to whole milk still exists
.
Southeast Asian production areas are still in a high production period recently, with sufficient raw material supply and prices remaining volatile
.
In terms of inventory, the inventory of new rubber warehouse receipts after the delivery of old rubber is at a historical low, and the small number of delivered products continues to affect the futures price
.
Rubber inventories in Qingdao have continued to decline recently, and the pressure on spot inventory has eased
slightly.
On the demand side, affected by environmental protection production restrictions and the shortage of foreign trade capacity, the operating rate of tire factories fell month-on-month, and the second outbreak of the overseas epidemic also made export orders in December expected
to decline.
From the perspective of the end market, the State Council's decision to carry out a new round of automobile going to the countryside and trading in the old has boosted the automobile market
.
On the market, the RU2101 contract and the NR2101 contract are both reducing their positions and rising, and the center of gravity of the future price operation is expected to continue to rise, and it is recommended to treat the volatility with more ideas
.