July 12 Shanghai rubber morning review

The crude market slipped to a two-month low on Monday as concerns of an oversupply reignited
.
The NYMEX August crude futures contract closed down 1.
4 percent at $
44.
76 a barrel.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10350-10400 (+50/+100) yuan / ton; Vietnam's 3L quotation is at 10700 (-200) yuan / ton; 15 years Thailand No.
3 smoke 12200-12300 (+150/+200) yuan/ton; RMB mixed rubber 9900-9950 (+100/-250) yuan/ton
.
Thai Hat Yai raw material market raw film 52.
37 (+0.
58) baht/kg; Tai San tobacco tablets 54.
19 (+0.
4) baht/kg; Field glue 47 (+0.
5) baht/kg; Cup gum 38.
5 (0) baht/kg
.

News side: 1.
The Thai government decided to start the clearance of 310,000 tons of rubber
stocks.
2.
As of June 20, Japanese port rubber inventories fell by 1.
7%.

Warehouse receipt inventory: Exchange warehouse receipts reported 302,970 tons, a decrease of 200 tons
.

Inventories in Qingdao Free Trade Zone continued to decline, and heavy-duty truck sales continued to increase sharply year-on-year in June, and China's tire exports rose 9%, indicating that downstream demand performance was acceptable
.
With the successive cutting of domestic rubber production areas, the supply of raw materials has increased, and the price of glue has fallen, but the raw materials in the production areas have not yet been released due to the weather in the early stage
.