July 20 Shanghai rubber morning review

U.
S
.
crude futures fell to a two-month low on Tuesday on concerns about a glut of refined products.
The NYMEX crude oil futures contract for August ended down 1.
3 percent, settling at $
44.
65 a barrel.

News side: 1.
The rubber and footwear industry is included in the 3-year action plan
for the reduction of national key VOCs.
2.
Michelin binds Great Wall and BYD, forcing China's tires to upgrade
.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 11,000 (+250) yuan / ton; Vietnam's 3L quotation is 11000-11100 (0/0) yuan/ton; 15 years Thailand No.
3 smoke 12750 (-50) yuan / ton; RMB mixed rubber 10500-10600 (-200/-100) yuan / ton
.
Thai Hat Yai raw material market raw film 55.
77 (0) baht/kg; Tai San tobacco tablets 58.
77 (0) baht/kg; Field glue 48 (0) baht/kg; Cup glue 40 (0) baht/kg
.
Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 10600 yuan / ton (0), cis-butadiene rubber market price 10750 yuan / ton (0).

Warehouse receipt inventory: Exchange warehouse receipts reported 308220 tons, an increase of 400 tons
.

Qingdao Free Trade Zone inventories continued to decline, and heavy-duty truck sales continued to grow sharply year-on-year in June, and China's tire exports were strong, indicating that downstream demand was performing well
.
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
.