Rubber increase in position increment Futures price volatility higher

News: 1.
Côte d'Ivoire's natural rubber exports from January to October increased by nearly 35%
year-on-year.
2.
Cambodia exported more than 240,000 tons of rubber in the first 10 months
.
3.
According to Longzhong information statistics, the operating rate of domestic semi-steel tire manufacturers last week was 71.
29%, up 0.
1% month-on-month and 3.
36% year-on-year; The operating rate of all-steel tire manufacturers was 74.
49%, up 0.
45% month-on-month and 6.
00%
year-on-year.
4.
China Automobile Dealers Association: The auto dealer inventory warning index in November was 60.
5%.

Market quotation: Shanghai market 19 years state-owned full latex reported 14400 (-50) yuan / ton, Vietnam 3L reported 13900 (-50) yuan / ton, Thailand No.
3 tobacco film reported 19250 (-50) yuan / ton
.
Qingdao market STR20 stock spot reported 1685 (+0) US dollars / ton, Qingdao market STR20 December cargo reported 1675 (+0) US dollars / ton
.
Thai Hat Yai raw material market field glue 56.
5 (+0.
5) baht/kg; Cup glue 40.
85 (+0.
2) baht/kg
.
Domestic Yunnan Xishuangbanna glue into the dry rubber factory 12.
7-13.
3 (0/0) yuan / kg
.
Hainan state-owned glue into the whole dairy plant to produce whole milk 13800 (+0) yuan / ton, into the concentrated milk factory to produce concentrated milk 14500 (-500) yuan / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China market price 12100 (+0) yuan / ton; The market price of cis-butadiene rubber is 11500 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 118570 tons, + 12190 tons; NR warehouse receipt 43102 tons, + 202 tons
.
Main positions: RU2105 top 20 long positions 96412, + 11672; short positions 135635, + 15211; long and short increase, net short increase
.

Summary: At present, the Yunnan production area has stopped cutting one after another, and the price of raw materials has remained stable; The Hainan production area is expected to enter the shutdown period in mid-to-late December, and some factories are expected to have reserves, so the price of raw materials has risen sharply again, and the direction of concentrated milk continues to rise sharply in the direction of whole milk, and it is difficult to open the whole milk production line
.
Southeast Asian production areas are still in high production recently, and increased rainfall in southern Thailand has slightly but not seriously
affected the tapping work.
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, the foreign trade orders of all-steel tire factories are sufficient, coupled with the insufficient inventory of products sold in the previous period, most factories are at a high level, but the impact of the shortage of foreign trade capacity on later exports may limit the increase in the operating rate of tire factories
.
On the market, the RU2105 contract increased its position and closed higher, focusing on the pressure near the previous high in the short term, and the shock was treated with more ideas
.