June 20 Shanghai rubber morning review

Crude oil futures rebounded on Friday, ending a six-day losing streak as the dollar weakened and the market priced in the higher likelihood that the British referendum would remain in Europe
.
The NYMEX July crude futures contract closed up 3.
8 percent at $47.
98 a barrel
.

News side: 1.
Japan's synthetic rubber production fell
for four consecutive months year-on-year.
February and April Russia's synthetic rubber exports increased by 34.
3%.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10000-10050 (-50/-100) yuan / ton; Vietnam's 3L quotation is at 10300 (0) yuan / ton; 15 years Thailand No.
3 smoke 11700 (0) yuan / ton; RMB mixed rubber 9600 (+100) yuan / ton
.
Thai Hat Yai raw material market raw film 52.
89 (+0.
62) baht/kg; Tai San tobacco tablets 53.
59 (+1) baht/kg; Field glue 46 (+0.
5) baht/kg; Cup glue 37 (0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 9800 yuan / ton (+100), cis-butadiene rubber market price 10000 yuan / ton (+100).

Warehouse receipt inventory: Exchange warehouse receipts were reported at 301,830 tons, a decrease of 680 tons
.

Inventories in Qingdao Free Trade Zone fell, and heavy-duty truck sales continued to grow sharply year-on-year in May, indicating that downstream demand was performing well
.
With the successive opening of domestic rubber production areas, the supply of raw materials began to increase, and the price of glue fell, but the absolute price of Shanghai rubber is currently low, and there is still strong support
at the 10,000 yuan mark.