Rubber position reduction and shrinkage futures prices closed slightly lower

News: 1.
In 2019, China's rubber imports fell by 6.
2%
year-on-year.
2.
In 2019, the decline in China's automobile production and sales will expand.

3.
According to Longzhong Information statistics, the operating rate of semi-steel tire manufacturers last 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 18-year state-owned whole milk (Yunxiang) in the Shanghai market is 12550 (-50) yuan / ton; Vietnam 3L quotation 12650 (+0) yuan / ton; Thailand No.
3 tobacco tablets 14800 (+0) yuan/ton; Yunnan 19 years full latex 12700 (-50) yuan / ton
.
Thai Hat Yai raw material market raw film 41.
2 (+0.
4) baht/kg; Tai San tobacco tablets 44.
88 (+1.
29) baht/kg; field glue 41.
7 (+0.
2) baht/kg; 35.
5 (+0.
25) THB/kg
.
SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1520 (+20) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1515 (+15) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1530 (+20) 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 235350 tons, +600 tons; NR warehouse receipts 8,366 tonnes, +1,612 tonnes
.
Main positions: RU2005 top 20 long positions 105300, -2080; short positions 152584, -2189; long and short are reduced, net space is reduced
.
NR2003 Top 20 long positions 10563, -377; short positions 11571, -373
.

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 reduced position slightly down, futures price intraday volatility intensified, short-term attention to the support around 13000 below and the pressure at the upper 13450 position, shock idea operation; The NR2004 contract is recommended to trade
in the 10900-11200 range.