Rubber position reduction increment futures prices closed slightly higher

News: 1.
China's imports of natural and synthetic rubber (including latex) in October were 500,000 tons
.
2.
In September 2019, Malaysia's production of tianjiao increased
year-on-month.
3.
According to Longzhong Information statistics, the construction of semi-steel tires started 67.
76% last week, up 0.
36% month-on-month and 0.
26% year-on-year; All-steel tires started 67.
24%, down 0.
46% month-on-month and 6.
56%
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 11250 (-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 37.
78 (+0.
01) baht/kg; Tai San tobacco tablets 39.
93 (-0.
06) baht/kg; field glue 38.
5 (+0) baht/kg; 32.
3 (-0.
2) THB/kg
.
SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1350 (+0) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1350 (+0) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1365 (+0) 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 433300 tons, +570 tons; NR warehouse receipt 0 tons
.

Main positions: RU2001 top 20 long positions 68605, +342; short positions 97286, -4539
.
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 overall operation of Shandong tire enterprises has remained stable, and it is currently in the stage of strict inspection of environmental protection in autumn and winter, and the start of enterprises will be affected from time to time, and short-term tire manufacturers will start work or mainly stabilize
.
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 to close higher, short-term or extended range wave dynamic trend, it is recommended to trade in the 11880-12200 range; The NR2002 contract is recommended to trade
in the 10200-10350 range for short term.