Rubber prices are volatile and downward, focusing on lower support and upper pressure

News: 1.
In 2019, China's rubber imports fell by 6.
2%
year-on-year.
2.
In November 2019, Malaysia's production of tianjiao increased
year-on-year.
3.
According to Longzhong Information statistics, the operating rate of semi-steel tire manufacturers this week was 54.
04%, down 10.
73% month-on-month and 5.
96% year-on-year; The operating rate of all-steel tire manufacturers was 55.
06%, down 10.
70% month-on-month and 6.
94% year-on-year

Market quotation: the quotation of state-owned whole milk (Yunxiang) in the Shanghai market for 18 years was 12300 (-100) yuan / ton; Vietnam 3L quotation 12550 (+50) yuan / ton; Thailand No.
3 tobacco tablets 14650 (+0) yuan/ton; Yunnan 19 years full latex 12700 (+0) yuan / ton
.
Thai Hat Yai raw material market raw film 41.
53 (+1.
54) baht/kg; Tai San Tobacco Tablets 44.
7 (+0.
1) THB/kg; field glue 42.
7 (+0.
5) baht/kg; 35.
8 (+0.
1) THB/kg
.
SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1510 (-10) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1505 (-10) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse price increase of 1525 (-5) 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 238340 tons, +100 tons; NR warehouse receipts 12,902 tonnes, +2,520 tonnes
.
Main positions: RU2005 Top 20 long positions 102648, +951; short positions 154070, +2032; long and short increased, net short increased
.
NR2003 Top 20 Long Positions 9744, -11; Short Positions 10456, -150
.

Summary: At present, the domestic production area is in the suspension period, and some parts of Southeast Asia have entered the shutdown period, but the raw materials in southern Thailand are still being released, and the high profit of the processing plant drives the enthusiasm for production
.
In the downstream, most factories in Shandong are concentrated around the 23rd of the month of La Yue to stop production and holiday, and this week has entered the end of the year, dragging the overall sample start significantly lower
.
At present, the inventory of finished products of manufacturers is high, mostly in more than 1.
5 months
.
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 rushed back down, short-term attention to the support around 13000 below and the pressure at the 13400 position above, oscillation idea operation; The NR2004 contract retreated and is recommended to trade
in the 10850-11200 range.