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On Monday, rubber positions closed higher, RU2001 opened low and high, and futures prices closed slightly higher
.
The day closed at 12100, +0.
37% from the previous trading day; Volume 299706, position 270344, -7836, basis -800, -290, Ru1-May spread -195, -10
.
NR2002 closed at 10300 on the day, +0.
59% from the previous trading day; Volume 4416, position 28984, -548, basis -803, -184, NR2-5 spread -215, +30
.
News: 1.
Thailand will export latex pillows worth 12 billion baht to Turkey
.
2.
Bureau of Statistics: China's synthetic rubber production in October was 588,000 tons, down 7.
1%
year-on-year.
3.
According to Longzhong information statistics, the operating rate of semi-steel tire manufacturers last week was 68.
81%, up 1.
05% month-on-month and 1.
31% year-on-year; The operating rate of all-steel tire manufacturers was 68.
19%, up 0.
95% month-on-month and down 5.
31%
year-on-year.
。
Market quotation: the quotation of state-owned whole milk (Yunxiang) in the Shanghai market for 18 years is 11300 (-100) yuan / ton; Vietnam 3L quotation 11300 (-50) yuan / ton; Thailand No.
3 tobacco tablets 13950 (-50) yuan/ton; Yunnan 19 years full latex 11350 (+0) yuan / ton
.
Thai Hat Yai raw material market raw film 39.
09 (+0.
52) baht/kg; Tai San Tobacco Tablets 39.
89 (-0.
33) Baht/kg; field glue 38 (-0.
7) baht/kg; 32.
5 (+0) THB/kg
.
SMR20 Qingdao Free Trade Zone warehouse price increase of 1345 (-5) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse price increase of 1350 (-10) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse price increase of 1355 (-5) US dollars / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10600 (+0) yuan / ton; The market price of cis-butadiene rubber is 10800 (+0) yuan / ton
.
Warehouse receipt inventory: RU warehouse receipt 457720 tons, +1100 tons; NR warehouse receipt 0 tons
.
Main positions: RU2001 Top 20 long positions 63186, +1046; short positions 94002, -2446
.
Increase and reduce airspace, reduce
headroom.
Summary: At present, domestic and foreign production areas are in the rubber tapping period, and with the arrival of the strong supply period, the future supply pressure is still large
.
Recently, the start of Shandong tire enterprises has increased slightly, as export orders remain active, and at the same time, in order to impact the annual production task, appropriate production increase to support a slight increase
in starts.
However, it is currently in the stage of strict environmental protection inspection in autumn and winter, and the start of enterprise construction will be affected
from time to time.
In terms of the end market, the sales volume of heavy trucks continued to improve, and near the end of the year, 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
.
Technically, the Shanghai rubber RU2001 contract reduced its position and closed up, short-term or continuation range fluctuation dynamics, it is recommended to trade in the 11930-12230 range; The NR2002 contract is recommended to trade
in the 10200-10400 range for short term.