June 21 Shanghai rubber morning review

Crude oil futures rose for a second straight session on Monday as expectations that the outcome of the British referendum could be a possible Remain in the European Union weakened the dollar and stocks rose
.
NYMEX crude oil futures for August ended up 2.
9 percent at $
49.
96 a barrel.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10500 (+500) yuan / ton; Vietnam's 3L quotation is at 10700 (+400) yuan / ton; 15 years Thailand No.
3 smoke 12200 (+500) yuan / ton; RMB mixed rubber 9950 (+350) yuan / ton
.
Thai Hat Yai raw material market raw film 55.
2 (+2.
31) baht/kg; Tai San tobacco tablets 54.
89 (+1.
3) baht/kg; field glue 47.
5 (+1.
5) baht/kg; Cup gum 38.
5 (+1.
5) baht/kg
.
Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 9900 yuan / ton (+100), cis-butadiene rubber market price 10000 yuan / ton (0).

News side: 1.
Vietnam Customs: rubber exports in May fell
year-on-year.
2.
India's April production fell 2.
5% year-on-year to 39,000 tons
.

Warehouse receipt inventory: Exchange warehouse receipts were reported at 301,720 tons, a decrease of 110 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.