大越期货天胶早报-20260306

Group 1: Report Industry Investment Rating - Not provided Group 2: Core Views - The market has entered a bearish season, and a bearish mindset should be maintained [6] - The fundamentals are neutral with strong spot prices, inventory accumulation in Qingdao, and high tire operating rates [6] - The basis is bullish with a spot price of 16,700 and a basis of 145 [6] - The inventory situation is neutral with an increase in SHFE inventory week - on - week and a decrease year - on - year, and an increase in Qingdao inventory both week - on - week and year - on - year [6] - The market trend on the disk is neutral with the 20 - day line upward and the price running below the 20 - day line [6] - The main positions are bullish with the main net long and a reduction in long positions [6] Group 3: Summary by Directory 1. Daily Hints - Not provided 2. Fundamental Data - Spot prices of 2024 full - latex (non - deliverable) remained flat on March 5 [10] - Exchange inventory has changed little recently [16] - Qingdao area inventory is accumulating [19] - Import volume has rebounded [22] - Automobile production and sales have declined [25][28] - Tire production has increased year - on - year [31] - Tire industry exports have rebounded [34] 3. Multi - empty Factors and Main Risk Points - Bullish factors: high downstream consumption, resistant spot prices, and domestic anti - involution [8] - Bearish factors: bearish domestic economic indicators and trade frictions [8] 4. Basis - The basis strengthened on March 5 [37]