June 8 Shanghai rubber morning review

Overnight Market: U.
S.
crude futures settled above $50 a barrel on Tuesday, the first time since July 2015, on expectations of continued supply decline
.
The NYMEX July crude futures contract closed up 1.
3 percent at $50.
36 a barrel
.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10150-10200 (+100/+100) yuan / ton; Vietnam's 3L quotation is at 10600 (+100) yuan / ton; 15 years Thailand No.
3 smoke 11800 (0) yuan / ton; RMB mixed rubber 9800-9850 (+50/+100) yuan/ton
.
Thai Hat Yai raw material market raw film 55.
65 (+0.
46) baht/kg; Tai San tobacco tablets 57.
09 (-0.
5) baht/kg; field glue 51.
5 (-0.
5) baht/kg; Cup glue 40.
5 (+0.
5) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 10000 yuan / ton (-300) in East China, cis-butadiene rubber market price 10300 yuan / ton (-200).

News side: 1.
Since the end of 2014, Shandong has added 45.
8 million tires
.
2.
GM's sales in China climbed 17%
in May.

Warehouse receipt inventory: Exchange warehouse receipts were reported at 301,870 tons, an increase of 700 tons
.

At present, the inventory of Qingdao Free Trade Zone has stabilized, and the sales volume of heavy trucks in May has increased sharply year-on-year, focusing on the operating level of
tire factories in the later period.
With the successive cutting of domestic rubber production areas, the supply of raw materials began to increase, but due to the impact of dry weather in the early stage, the supply of production areas has not yet increased
.