Rubber position increase and contraction Futures prices continued to close down

News: 1.
According to the statistics of the First Commercial Vehicle Network, in October 2020, China's heavy-duty truck market sold 129,000 units, down 14.
3% month-on-month and up 41% year-on-year; Cumulative sales in the heavy-duty truck market from January to October reached approximately 1.
365 million units, a cumulative increase of 39% y/y, and a net increase of more than 380,000 units
.
2.
In the first 9 months of this year, Cambodia's export volume increased by 21%
year-on-year.
3.
Passenger car association: The average daily retail sales of passenger cars in the first four weeks of October increased by 17% year-on-year to 45,381 units
.

Market quotation: Shanghai market 19 years state-owned full latex reported 13950 (-250) yuan / ton, Vietnam 3L reported 14300 (-350) yuan / ton, Thailand No.
3 tobacco film reported 19850 (-250) yuan / ton
.
Qingdao market STR20 stock spot reported 1675 (-75) US dollars / ton, Qingdao market STR20 November cargo reported 1665 (-75) US dollars / ton
.
Field glue in Hat Yai raw material market in Thailand 64.
3 (-2.
7) baht/kg; Cup glue 38.
85 (-2.
05) baht/kg
.
Domestic Yunnan Xishuangbanna glue into the dry rubber factory 13.
6-14 (-0.
2/-0.
2) yuan/kg; Glue into the latex factory 14.
5 (-0.
5) yuan / kg
.
Hainan state-owned glue into the whole dairy plant to produce whole milk 15000 (+500) yuan / ton, into the concentrated milk factory to produce concentrated milk 17000 (-2000) yuan / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 11400 (+0) yuan / ton; The market price of cis-butadiene rubber is 10800 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 222460 tons, + 1070 tons; NR warehouse receipts 38,395 tons, + 1008 tons
.
Main positions: RU2101 Top 20 Long Positions 100267, +1321; Short Positions 129993, +5760; Long and Short Increase, Net Short Increase
.

Summary: In the early stage, there was a lot of rainfall in the main producing areas at home and abroad, resulting in tight raw materials, especially in the Hainan production area, the impact of rainy weather was significant, it was difficult for rubber farmers to carry out normally, the phenomenon of raw material competition was obvious, and the price of glue into the concentrated dairy plant rose sharply into the whole dairy plant
.
As the weather in Hainan improved, the price of glue into the concentrated dairy plant weakened significantly, but the scarcity of deliverables made the purchase price of raw materials for the whole dairy still rising
.
The market price of Hat Yai raw materials in Thailand has experienced a rapid rise in the early stage, and has also weakened
significantly recently.
On the demand side, the operating rate of tire factories continued to increase month-on-month, and was significantly higher than the same period last year, orders remained stable and improving, and domestic heavy-duty truck sales increased year-on-year and decreased
month-on-month.
On the market, the RU2101 contract futures price continues to weaken, short-term focus on the support around 15000 below, it is recommended to trade in the 15000-15500 range; NR2101 contract 10500 first-line support, short-term recommended to trade
in the 10500-10850 range.