Rubber positions increased to close higher short-term attention to upward pressure

News: 1.
According to Longzhong Information statistics, the start of semi-steel tires this week was 63.
19%, up 8.
67% month-on-month and down 2.
81% year-on-year; All-steel tires started 67.
59% this week, up 11.
24% month-on-month and down 5.
41%
year-on-year.
2.
Cambodia's rubber exports increased by 23.
35%
from January to September 2019.
3.
The Thai cabinet approved 24 billion comprehensive rubber price insurance measures, the first phase of which lasted for 6 months
.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 10950 (+50) yuan / ton; Vietnam 3L quotation 11150 (+50) yuan / ton; Thailand No.
3 tobacco tablets 13700 (+100) yuan/ton; Yunnan 19 years full latex 11050 (+50) yuan / ton
.
Thai Hat Yai raw material market raw film 37.
18 (+0.
12) baht/kg; Tai San Tobacco Tablets 39.
73 (+0.
21) THB/kg; field glue 36.
4 (+0.
2) baht/kg; 31 (+0.
25) THB/kg
.
SMR20 Qingdao Free Trade Zone warehouse price increase of 1325 (+0) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1320 (+0) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1330 (+0) US dollars / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10400 (-300) yuan / ton; The market price of cis-butadiene rubber is 11300 (-400) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 408470 tons, -290 tons; NR warehouse receipt 0 tons
.
Main positions: RU2001 Top 20 long positions 78084, +3432; short positions 110136, +475
.
Long and short increase together, headroom decreases
.

Summary: At present, domestic and foreign production areas are in the rubber tapping period, the supply of Southeast Asia has increased significantly, and the price of raw materials is lower than the same period
of previous years.
After the holiday, the operating rate of Shandong tire enterprises increased significantly, affected by the tight domestic trade, downstream tire companies had demand for replenishment of inventory, and domestic inventory declined
.
At the same time, in terms of the terminal market, affected by the Wuxi viaduct incident, the domestic control of overload and overrun will be more stringent, or drive the increase
in sales of heavy trucks.
Technically, the RU2001 contract futures price broke through the previous pressure of 11700 line, short-term attention to the pressure around 11900, it is recommended to trade in the 11650-11900 range; The NR2002 contract stands above the 9950 line, focusing on the pressure around 10100 in the short term, and it is recommended to trade
in the 9950-10100 range.