Rubber warehouse reduction and shrinkage The futures price is low and opens

News: 1.
China Automobile Dealers Association: Automobile sales in January are expected to decline
slightly month-on-month.
2.
According to the preliminary data obtained by the First Commercial Vehicle Network, in December 2019, China's heavy-duty truck market is expected to sell more than 90,000 models of various types, a year-on-year increase of about 9%.

3.
According to Longzhong information statistics, the operating rate of semi-steel tire manufacturers this week was 59.
42%, flat from the previous month and down 5.
58% year-on-year; The operating rate of all-steel tire manufacturers this week was 59.
07%, down 1.
13% month-on-month and 9.
93%
year-on-year.

Market quotation: the quotation of 18-year state-owned whole milk (Yunxiang) in the Shanghai market was 12100 (-200) yuan / ton; Vietnam 3L quotation 12250 (-150) yuan / ton; Thai No.
3 tobacco flakes 14350 (-250) yuan/ton; Yunnan 19 years full latex 12300 (-200) yuan / ton
.
Thai Hat Yai raw material market raw film 39.
05 (+0.
15) baht/kg; Tai San tobacco tablets 40.
99 (+0) baht/kg; field glue 34.
5 (+2) baht/kg; 34.
5 (+0) THB/kg
.
SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1460 (-10) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1460 (-10) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse price increase of 1470 (-10) US dollars / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China is 10800 (+0) yuan / ton; The market price of cis-butadiene rubber is 10800 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 229050 tons, +800 tons; NR warehouse receipts 1815 tons, +0 tons
.
Main positions: RU2005 top 20 long positions 98690, -1185; short positions 151169, -1092; long and short decrease, net short increased
.
The top 20 long positions in NR2003 are 14592, -355; the short positions are 16164, -464
.

Summary: At present, the domestic production area has entered the period of suspension, while Southeast Asia is still in the period of strong supply, the recent release of raw materials in southern Thailand, the price has weakened significantly, the high profit of the processing plant has driven the enthusiasm for production, and there is an expectation
of growth in the later output.
Affected by environmental factors, some tire manufacturers in Shandong are restricted from starting, the operating rate has decreased month-on-month, and it is currently in the stage of strict environmental protection inspection in autumn and winter, and the start of enterprises will be affected from time to time, coupled with the Spring Festival approaching, some large-scale enterprises will complete the inventory reserve before and after the Spring Festival, and gradually reduce the
start.
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 closed down in volatility, short-term focus on support around 12790, temporarily wait-and-see; The NR2003 contract focuses on support around 10550 below and cautiously chases the short
.