July 25th Shanghai rubber morning review

U.
S.
crude futures fell to their lowest level since early May on Friday, as an oversupply of refined products and an increase in the number of active rigs in the United States raised fears that the oversupply situation in the oil market would last longer
than previously expected.
The NYMEX September crude futures contract closed down 1.
3 percent at $44.
19 a barrel
.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 11100-11150 (-250/-200) yuan / ton; Vietnam's 3L quotation is 11000-11200 (-400/-200) yuan/ton; 15 years Thailand No.
3 smoke 12850 (-100/-150) yuan/ton; RMB mixed rubber 10800-10900 (+100/+200) yuan/ton
.
Thai Hat Yai raw material market raw film 59.
79 (-0.
6) baht/kg; Tai San tobacco tablets 63.
78 (+0.
19) baht/kg; field glue 51 (+1) baht/kg; Cup glue 41 (+0.
5) baht/kg
.
Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 10600 yuan / ton (0), cis-butadiene rubber market price 10700 yuan / ton (0).

News: 1.
China's tire exports increased by 1.
8% in the first half of the year, and exports to the United States fell by 40%
in June.
2.
In the first six months of this year, Japan's synthetic rubber production fell by 5.
9%
year-on-year.

Warehouse receipt inventory: Exchange warehouse receipts reported 310,990 tons, an increase of 2,380 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
.