Rubber opened high and fluctuated, and the futures price closed higher at the end of the day

News: 1.
Thailand's November export volume of tianjiao increased year-on-month, while mixed rubber fell
double.
2.
China Association of Automobile Manufacturers: Passenger car production in early to mid-December decreased by 2.
5%
y/y.
3.
According to Longzhong Information statistics, the operating rate of semi-steel tire manufacturers last week was 55.
46%, down 12.
83% month-on-month and 9.
83% year-on-year; The operating rate of all-steel tire manufacturers was 58.
89%, down 13.
70% month-on-month and 5.
51%
year-on-year.

Market quotation: Shanghai market 19 years state-owned full latex reported 13400 (+300) yuan / ton, Vietnam 3L reported 13200 (+300) yuan / ton, Thailand No.
3 tobacco film reported 18600 (+300) yuan / ton
.
Qingdao market STR20 stock spot reported 1560 (+30) US dollars / ton, Qingdao market STR20 December cargo reported 1560 (+20) US dollars / ton
.
Field glue in Hat Yai raw material market in Thailand 50.
5 (-1) baht/kg; Cup glue 38 (-0.
75) baht/kg
.
Hainan state-owned glue into the whole dairy plant to produce whole milk 12500 (+0) yuan / ton, into the concentrated milk factory to produce concentrated milk 13200 (+0) yuan / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China market price 11300 (+0) yuan / ton; The market price of cis-butadiene rubber is 10700 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 156910 tons, + 2200 tons; NR warehouse receipts 45,482 tons, - 201 tons
.
Main positions: RU2105 top 20 long positions 97772, + 925; short positions 139121, + 2023; long and short increase, net short increase
.

Summary: At present, the domestic Yunnan production area is in the period of suspension, Hainan cold yellow warning, some areas have stopped cutting, and it is difficult to improve the marginal output of full latex
.
Although Thailand is still in the peak production period, the recent rainfall in the south has affected the output of raw materials, coupled with the lockdown of many places in Thailand due to the epidemic, and the strengthening of foreign labor control, there is an expectation
that production will decline.
In terms of inventory, the inventory of tianjiao in Qingdao continued to decline, of which the decline in general trade inventory increased, and the pressure of dark rubber inventory decreased
.
On the demand side, environmental protection production restrictions have an impact on the operating rate of tire factories, domestic tire starts have fallen sharply, at present, Dongying, Weifang, Heze launched heavy pollution weather red warning level I.
emergency response, coupled with export due to tight containers and rising sea freight caused by export order delivery difficulty, it is expected that short-term tire start recovery is difficult
.
On the market, the RU2105 contract opened high and volatile, focusing on the pressure around 14500 in the short term, it is recommended to trade in the range of 14000-14500; The NR2103 contract is recommended to trade
in the 10350-10650 range.