Rubber shock closed higher, inventory pressure eased slightly

News: 1.
Thai Rubber Authority: On November 27, the second phase of the first subsidy
was issued to 1.
8 million rubber farmers nationwide.
2.
Cambodia exported more than 240,000 tons of rubber in the first 10 months
.
3.
According to Longzhong information statistics, the operating rate of domestic semi-steel tire manufacturers last week was 71.
29%, up 0.
1% month-on-month and 3.
36% year-on-year; The operating rate of all-steel tire manufacturers was 74.
49%, up 0.
45% month-on-month and 6.
00%
year-on-year.

Market quotation: Shanghai market 19 years state-owned full latex reported 14600 (+650) yuan / ton, Vietnam 3L reported 14200 (+750) yuan / ton, Thailand No.
3 tobacco film reported 19450 (+700) yuan / ton
.
Qingdao market STR20 stock spot reported 1685 (+60) US dollars / ton, Qingdao market STR20 December cargo reported 1675 (+60) US dollars / ton
.
Thailand Hat Yai raw material market field glue 55 (+1.
5) baht/kg; Cup glue 40.
5 (+0.
9) baht/kg
.
Domestic Yunnan Xishuangbanna glue into the dry rubber factory 12.
7-13.
3 (0/0) yuan / kg
.
Hainan state-owned glue into the whole dairy plant to produce whole milk 13800 (+500) yuan / ton, into the concentrated milk factory to produce concentrated milk 14500 (+500) yuan / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 11900 (+0) yuan / ton; The market price of cis-butadiene rubber is 11200 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 101180 tons, + 5800 tons; NR warehouse receipt 40682 tons, + 604 tons
.
Main positions: RU2101 top 20 long positions 38914, - 11223; short positions 49918, - 9911; long and short are reduced together, net short increases
.

At present, the Yunnan production area has been stopped one after another, and the Hainan production area is expected to enter the suspension period in mid-to-late December, and the price of raw materials has risen sharply again recently, and the direction of concentrated milk continues to rise in the direction of whole milk, and the diversion of whole milk still exists
.
Southeast Asian production areas are still in a high production period recently, but Thailand has experienced heavy rainfall that has affected the rubber tapping process, boosting raw material prices
.
In terms of inventory, the inventory of new rubber warehouse receipts after the delivery of old rubber is at a historical low, and the small number of delivered products continues to affect the futures price
.
Rubber inventories in Qingdao have continued to decline recently, and the pressure on spot inventory has eased
slightly.
On the demand side, affected by environmental protection production restrictions and the shortage of foreign trade capacity, the operating rate of tire factories fell month-on-month, and the second outbreak of the overseas epidemic also made export orders in December expected
to decline.