Rubber opened low and went high, and the futures price closed slightly higher

News: 1.
IRSG: Global rubber demand will recover
in 2020.
2.
Indonesia's natural rubber exports in November fell
year-on-year.
3.
According to Longzhong information statistics, the operating rate of semi-steel tire manufacturers this week was 64.
77%, up 5.
35% month-on-month and 0.
27% year-on-year; The operating rate of all-steel tire manufacturers was 65.
76%, up 6.
69% month-on-month and down 3.
14%
year-on-year.

Market quotation: the quotation of state-owned whole milk (Yunxiang) in the Shanghai market for 18 years was 12300 (-100) yuan / ton; Vietnam 3L quotation 12400 (-50) yuan / ton; Thailand No.
3 tobacco flakes 14500 (-100) yuan/ton; Yunnan 19 years full latex 12500 (+0) yuan / ton
.
Thai Hat Yai raw material market raw film 40.
55 (+0.
15) baht/kg; Tai San Tobacco Tablets 42.
85 (+0.
08) THB/kg; field glue 40.
6 (+0.
6) baht/kg; 35 (-0.
2) THB/kg
.
SMR20 Qingdao Free Trade Zone warehouse price increase of 1495 (-15) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse price increase of 1500 (-5) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1505 (-10) US dollars / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11100 (+0) yuan / ton; The market price of cis-butadiene rubber is 11100 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 234750 tons, +3000 tons; NR warehouse receipt 6754 tons, +0 tons
.
Main positions: RU2005 top 20 long positions 99292, +441; short positions 146753, -907; long and short, net space reduction
.
NR2003 top 20 long positions 11357, -95; short positions 12377, -331
.

Summary: At present, the domestic production area has entered the period of suspension, while Southeast Asia is still in the period of strong supply, the recent release of raw materials in southern Thailand, the high profit of processing plants has driven the enthusiasm for production, and there is an expectation
of growth in the later output.
In the downstream, due to the recovery of maintenance manufacturers, the recent recovery of domestic tire factory starts has risen, but the Spring Festival is approaching, there is an expectation of suspension of production and holiday, and it is expected that the later operation of manufacturers will be mainly declining
.
In terms of the end market, the sales volume of heavy trucks continued to improve, and 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
.
RU2005 contract opens low and goes high, below 12900 around the futures price has some support support, pay attention to the pressure above 13400 position, short-term recommended to trade in the 12900-13400 range; The NR2004 contract is recommended to trade
in the 10750-11100 range.