Rubber position increase increase futures price continued to be strong

News: 1.
According to Longzhong Information, as of the week of October 22, the operating rate of domestic semi-steel tire manufacturers was 71.
49%, up 0.
38% month-on-month and 4.
61% year-on-year; The operating rate of all-steel tire manufacturers was 75.
80%, up 0.
82% month-on-month and 9.
99%
year-on-year.
2.
Thailand's exports of latex gloves in September increased by 154.
9%.

3.
General Administration of Customs: China's rubber imports in September increased by 59% year-on-year to 866,000 tons
.

Market quotation: Shanghai market 18-year state-owned full latex reported 14700 (+500) yuan / ton, Vietnam 3L reported 14350 (+500) yuan / ton, Thailand No.
3 tobacco film reported 19200 (+600) yuan / ton
.
Qingdao market STR20 stock spot reported 1690 (+0) US dollars / ton, Qingdao market STR20 October cargo reported 1690 (+0) US dollars / ton
.
Field glue at Hat Yai raw material market in Thailand 65.
5 (+4.
5) baht/kg; Cup gum 43 (+2.
3) baht/kg
.
Domestic Yunnan Xishuangbanna glue into the dry rubber factory 12.
2-13 (+0.
4/0.
5) yuan / kg, into the latex factory 13.
7 (+0.
5) yuan / kg
.
Hainan state-owned glue into the whole dairy plant to produce whole milk 13500 (+0) yuan / ton, into the concentrated dairy plant to produce concentrated milk 18000 (+0) yuan / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 10800 (+0) yuan / ton; The market price of cis-butadiene rubber is 10200 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 221410 tons, - 110 tons; NR warehouse receipt 35,321 tons, - 10 tons
.

Main positions: RU2101 Top 20 Long Positions 118862, -372; Short Positions 144185, +317; Reduced Long and Short, Net Margin Increase
.

Summary: Recently, the rainfall in the main producing areas at home and abroad has led to the tightness of raw materials and the sharp rise in prices
.
Typhoons in Hainan production area, rainfall weather has a significant impact, rubber farmers are difficult to carry out normally, raw material competition phenomenon is obvious, the price of glue into the concentrated dairy plant has risen sharply into the whole dairy plant; The cutting period is getting closer and closer, and under the influence of the scarcity of raw materials, the purchase price of Yunnan Banna glue has also risen
sharply.
In terms of inventory, although the inventory inside and outside the Qingdao Free Trade Zone has decreased slightly, the total is still more than
800,000 tons.
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 rose year-on-year and month-on-month to show strong tire demand
.
On the market, the RU2101 contract price easily broke through the 10,000 mark, but the technical pressure of the futures price around 15800 appeared, and it is recommended to be cautious in chasing up in the short term; The NR2101 contract is recommended to be mainly wait-and-see for the time being
.