June 1 Shanghai rubber morning review

U.
S.
crude prices touched $50 intraday on Tuesday, but gains quickly faded as analysts warned that the strongest rally in seven years could be excessive
.
NYMEX crude futures for July ended down 0.
5 percent at $
49.
10 a barrel.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10100-10200 (+150/+150) yuan / ton; Vietnam's 3L quotation is at 10600 (+100) yuan / ton; 15 years Thailand No.
3 smoke 11750-11800 (+200/+200) yuan/ton; RMB mixed rubber 9650-9700 (-50/0) yuan / ton
.
Thai Hat Yai raw material market raw film 57.
01 (+0.
14) baht/kg; Tai San Tobacco Tablets 58.
52 (+0.
02) THB/kg; field glue 53 (+1) baht/kg; Cup glue 40.
5 (+0.
5) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10550 yuan / ton (+50), cis-butadiene rubber market price 10650 yuan / ton (-150).

News: 1.
China's tire exports in April 2016 increased
slightly month-on-month.
2.
Brexit or storm, export of European vehicles will face 10% tariffs
.

Warehouse receipt inventory: Exchange warehouse receipts were reported at 301,960 tons, down 290 tons
.

At present, the inventory in Qingdao Free Trade Zone is still declining, and the sales volume of heavy trucks in April increased year-on-year and expanded, indicating that demand is gradually picking up
.
The operating rate of downstream tire factories has declined, and slightly lower than the same period last year, with the domestic rubber production area has been cut one after another, raw material supply and demand is tight or eased, but due to the impact of dry weather in the early stage, the supply of production areas has not yet increased
.