Shanghai rubber contract increased positions and futures prices closed strongly

News: 1.
EU passenger car sales in September 2021 fell 23.
1% year-on-year, due to chip shortages
.
2.
Vietnam's rubber exports to the United States are on the rise
.
3.
In the first three quarters of 2021, the export volume of Ivory Coast Tianjiao increased by 9%
year-on-year.

Market quotation: Shanghai market 19-year state-owned full latex reported 14600 (+900) yuan / ton, Vietnam 3L reported 13650 (+400) yuan / ton
.
Qingdao market STR20 stock spot reported 1780 (-10) US dollars / ton, Qingdao market STR20 November cargo reported 1770 (-10) US dollars / ton
.
Qingdao area RMB Thai mix 12700 (+0) yuan / ton, RMB horse mix 12650 (+0) yuan / ton
.
Hainan state-owned glue into the whole dairy plant 12900 (+0) yuan / ton, into the concentrated dairy plant 13400 (+0) yuan / ton
.
The purchase price of glue in dry rubber factory in Yunnan production area refers to 11.
9-12.
6 (0/+0.
1) yuan/kg, and the purchase price of glue in concentrated dairy plant refers to 12.
6-12.
8 (+0.
1/+0.
1) yuan/kg
.
Thailand Hat Yai raw material market field glue 51.
7 (+0) baht/kg; Cup glue 47.
8 (+0.
25) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 14300 (+400) yuan / ton; The market price of cis-butadiene rubber is 14700 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 208690 tons, -440 tons; NR warehouse receipt 28819 tons, + 0 tons
.
Main positions: RU2201 top 20 long positions 94480, +8772; short positions 135176, +7783; long and short increased, net space decreased
.

Summary: Recently, the rainfall in the main producing areas has gradually decreased, which has weakened the impact on the rubber tapping work
.
Shipping delays from Southeast Asia to China have eased, but natural rubber imports may still be difficult to increase significantly in October, and there is a possibility
of a significant increase in November.
Recently, the consumption of Qingdao has been declining, and domestic inventory has accelerated its accumulation
.
Although the operating rate of domestic tire factories rose month-on-month last week, it was still at a low level, and some factories were limited by electricity and other factors, and there were production restrictions or shutdowns, and the short-term operation increase was limited
.
Affected by the high price of raw materials and power and production restrictions, factories have a strong willingness to increase prices, but the terminal demand has not increased significantly, which drags the implementation of market price increases
.
On the market, the RU2201 contract increased its position and closed higher, focusing on the pressure around 15500 in the short term, it is not advisable to blindly chase the rise, pay attention to risk control
.