Group 1 - The main contract for 20 rubber futures experienced a sharp decline, reaching a low of 12,715.00 yuan, with a current price of 12,765.00 yuan, reflecting a drop of 2.18% [1] Group 2 - Zhongcai Futures indicates that recent rubber prices are primarily influenced by macroeconomic factors, showing a wide fluctuation after breaking out of a converging range. There may still be production pressure in January, with domestic inventory levels potentially exceeding last year's high points. However, a long-term supply-demand gap may gradually manifest during this year's destocking cycle, suggesting that rubber is suitable for low long positions and spread trading under favorable macro conditions [2] - Guangzhou Futures notes that while supply from Southeast Asia is increasing during the high production season, cooler temperatures in northeastern Thailand may lead to a temporary halt in production. The inventory accumulation of natural rubber is slowing down, but the finished product inventory for semi-steel tires remains high, indicating limited downside potential for rubber prices [2]