Rubber futures prices closed higher and demand side showed weakness

News: 1.
According to foreign media reports on February 4, Assistant Minister of Transport of Thailand Atirat revealed on the 3rd that the Port Authority of Thailand actively implemented the policy of solving the problem of insufficient empty containers in the port, invested 389.
28 million baht to provide 3 months of empty container entry fee preferential fees for Bangkok Terminal and Lauchapang Terminal (January to March), and encouraged major shipping companies to transport more empty containers to Thailand to solve the problem of insufficient empty containers in the second quarter of
this year.
2.
The 300,000 tires project in Xinjiang is scheduled to be put into operation
in July 2021.
3.
In January 2021, China's heavy-duty truck market is expected to sell more than 180,000 vehicles of various types, a significant increase of 54% year-on-year, setting a new historical record
for sales in the heavy-duty truck market in January.

Market quotation: Shanghai market 19 years state-owned full latex reported 13750 (-150) yuan / ton, Vietnam 3L reported 13250 (-100) yuan / ton, Thailand No.
3 tobacco film reported 20300 (-150) yuan / ton
.
Qingdao market STR20 stock spot reported 1615 (-20) US dollars / ton, Qingdao market STR20 February cargo reported 1620 (-20) US dollars / ton
.
Thai Hat Yai raw material market field glue 44 (+0) baht/kg; Cup glue 39 (+0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China Market price 12600 (+0) yuan / ton; The market price of cis-butadiene rubber is 11400 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 167940 tons, +0 tons; NR warehouse receipt 58375 tons, + 404 tons
.
Main positions: RU2105 Top 20 long positions 85642, + 11; Short positions 133169, -2102; increase and decrease short, net space decrease.

Summary: From the perspective of overseas production areas, northern Thailand has gradually entered the period of suspension, southern Thailand is also close to the period of suspension, and the supply of raw materials in Thailand is in a decreasing trend
.
In terms of inventory, as of January 31, China's natural rubber social inventory fell by 0.
39% week-on-week, and although the social inventory continued to decline, it was still at a high level overall
.
On the demand side, China's multi-department joint efforts to stabilize international freight have continued to soar, and sea freight has reached an inflection point, and tire export demand is expected to increase
.
However, the Spring Festival is approaching, the pre-holiday stocking is basically completed, tire factories are generally on holiday around the 23rd day of the lunar month (February 4), and it is expected that the operating rate of manufacturers will continue to decline this week, and the demand side is weak
.
On the market, the RU2105 contract reduced its position and rebounded, and it is recommended to trade in the 14200-14900 range in the short term; The NR2104 contract is recommended to trade
in the 10600-11000 range.