Rubber position increase increase futures prices closed slightly lower

News: 1.
Customs data show that natural rubber imports in December 2020 were 588,300 tons, up 09,600 tons, or 1.
66%, and down 17,500 tons, or 2.
89%,
year-on-year.
2.
Thailand paid rubber farmers a total of 6 billion baht in the third phase, which boosted the price of rubber
.
3.
According to Thai media reports, on January 27, Mr.
Suktas Tangwiriyakul, deputy director general of operation of the Thai Rubber Authority (RAOT), presided over the "rubber fresh latex management plan", which aims to solve the problem of fresh latex prices, and plans to purchase 200,000 tons of fresh latex from the market to help stabilize rubber prices
.

Market quotation: Shanghai market 19-year state-owned full latex reported 13500 (-50) yuan / ton, Vietnam 3L reported 12950 (-50) yuan / ton, Thailand No.
3 tobacco film reported 19950 (-50) yuan / ton
.
Qingdao market STR20 stock spot reported 1625 (+15) US dollars / ton, Qingdao market STR20 February cargo reported 1625 (+15) US dollars / ton
.
Field glue in Hat Yai raw material market in Thailand 43.
5 (+1.
5) baht/kg; Cup gum 38.
15 (+0.
15) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China Market price 12600 (+0) yuan / ton; The market price of cis-butadiene rubber is 11400 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 167190 tons, +0 tons; NR warehouse receipt 54,916 tons, +403 tons
.
Main positions: RU2105 top 20 long positions 92830, +1045; short positions 141426, +761; long and short increased, net space decreased
.

Summary: From the perspective of overseas production areas, the northeast of Thailand is expected to stop cutting at the end of January, some areas are expected to stop cutting in mid-February, and the southern part is expected to stop cutting
at the end of February.
Recently, the epidemic situation in Thailand has eased, and the output and export volume of tianjiao under the peak production season have not been significantly affected
.
The Thai Rubber Authority has decided to launch a 200,000-ton fresh latex purchase plan, which will promote the price of raw materials in Thailand to be firm, and the future market will pay attention to its actual landing
.
On the demand side, the Spring Festival is approaching, the pre-holiday stocking is basically completed, most tire companies in Dongying area plan to stop work and holiday in early February, due to the tightening of epidemic control, it is not ruled out to take a holiday in advance, and rubber demand is expected
to decline.
On the market, the RU2105 contract fell slightly, and it is recommended to trade in the 13900-14300 range in the short term; The NR2104 contract is recommended to trade
in the 10350-10700 range.