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Weather in rubber producing areas: Rainfall in southern Thailand will remain relatively low in the first week of the next week, with little impact on raw material output, and in the second week of the next week, rainfall in southern Thailand will increase, which will have an increased
impact on rubber tapping work.
1.
QinRex: According to the latest data released by the European Automobile Manufacturers Association (ACEA), new car sales in the EU fell 20.
5% year-on-year to 713,346 units in November 2021, the fifth consecutive monthly decline this year and the worst November sales since
1993.
Most EU countries suffered double-digit declines, including the four largest markets: Germany (-31.
7%), Italy (-24.
6%), Spain (-12.
3%) and France (-3.
2%)
.
Bulgaria, Ireland and Slovenia are the only EU markets
to grow.
2.
QinRex: According to the latest data released by the National Bureau of Statistics, China's rubber tire tire production in November was 80.
421 million, down 2.
7%
year-on-year.
3.
QinRex: According to the latest data released by the National Bureau of Statistics, China's synthetic rubber production in November was 787,000 tons, down 0.
4%
year-on-year.
At present, the domestic Yunnan production area is in the suspension period, and the Hainan production area is also close to the shutdown, and the impact of typhoon "Lei" on Southeast Asia and Hainan production areas is limited
.
Due to the surge in freight rates in Southeast Asia, it is difficult for imports to increase significantly month-on-month, and the accumulation of natural rubber in Qingdao is expected to continue to be delayed, but the rapid entry of Yunnan alternative indicators has promoted a sharp week-on-week
increase in Yunnan's inventory.
Last week, the operating rate of domestic tire factories rose month-on-month, and the start of maintenance manufacturers gradually recovered, driving the overall start to increase slightly, and there are still many uncertainties in the impact of policies such as the Winter Olympics, and manufacturers have moderately reserved inventory
.
However, the inventory of dealers is high, and the foreign trade orders of tire factories are reduced, and the replacement of domestic terminals is gradually coming to an end, coupled with the obvious increase in raw material inventory of factories, the procurement process of tire factories for tianjiao may slow down
.
On the plate, the RU2205 contract increased its position, focusing on the support around 14200 in the short term, and it is recommended to wait and see for
the time being.
