June 24 Shanghai rubber morning review

Crude futures climbed on Thursday as confidence in Remain grew and the dollar weakened
.
NYMEX crude oil futures for August settled at $50.
11 a barrel, up $0.
98
.

News side: In January and April, Japan's imports of tianjiao were weak, and the import of synthetic rubber became stronger
.
In February and May, South Korea's import and export volume of synthetic rubber both fell
.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10500-10550 (+100/+100) yuan / ton; Vietnam's 3L quotation is at 10500 (-100) yuan / ton; 15 years Thailand No.
3 smoke 12000-12100 (-200/-100) yuan/ton; RMB mixed rubber 10050-10100 (+250/+300) yuan/ton
.
Thai Hat Yai raw material market raw film 54.
39 (+0.
4) baht/kg; Tai San tobacco tablets 55.
99 (+0.
4) baht/kg; Field glue 49 (0) baht/kg; Cup gum 39 (0) 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 reported 300210 tons, a decrease of 1050 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.