June 23 Shanghai rubber morning review

Crude futures slipped on Wednesday as U.
S.
crude inventories fell weaker-than-expected
.
NYMEX crude oil futures for August ended down 1.
4 percent at $
49.
13 a barrel.

News: 1.
Malaysia's new car sales fell 13%
in May.
2.
Philippine rubber farmers are expected to increase the production capacity and market share of tianjiao
.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10400-10450 (-100/-50) yuan / ton; Vietnam's 3L quotation is at 10600 (-100) yuan / ton; 15 years Thailand No.
3 smoke 12200 (-50) yuan / ton; RMB mixed rubber 9800 (-100) yuan / ton
.
Thai Hat Yai raw material market raw film 53.
99 (+0.
1) baht/kg; Tai San tobacco tablets 55.
55 (-0.
14) baht/kg; field glue 49 (+0.
5) baht/kg; Cup glue 39 (+0.
5) baht/kg
.
Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 10300 yuan / ton (0), cis-butadiene rubber market price 10300 yuan / ton (0).

Warehouse receipt inventory: Exchange warehouse receipts were reported at 301,260 tons, a decrease of 250 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.