Shanghai rubber low opening oscillation short-term weak consolidation

Yesterday, the main contract of Shanghai rubber plunged
.
Thai Hat Yai raw material market raw film 60.
59 (0) baht/kg; Tai San Tobacco Tablets 64.
79 (0) baht/kg; Field glue 61.
5 (0) baht/kg; Cup glue 49 (0) baht/kg
.

Spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 11250 (-350) yuan / ton; Vietnam's 3L quotation is at 12200 (0) yuan / ton; 15 years Thailand No.
3 tobacco tablets 12600 (-100) yuan / ton; RMB mixed rubber 11150 (-50) yuan / ton
.
Thai Hat Yai raw material market raw film 60.
59 (0) baht/kg; Tai San Tobacco Tablets 64.
79 (0) baht/kg; Field glue 61.
5 (0) baht/kg; Cup glue 49 (0) baht/kg
.

News: The General Administration of Customs released import and export data showing that in April, the total value of China's imports and exports was 1.
95 trillion yuan, a slight decrease of 0.
3%.

Among them, exports were 1.
13 trillion yuan, an increase of 4.
1%; imports were 827.
5 billion yuan, down 5.
7%; The trade surplus was 298 billion yuan, an increase of 45.
8%.

In dollar terms, China's exports fell 1.
8% year-on-year in April, up 11.
5% in March, and fell 10.
9% in April, lower than the previous reading and expectations, and the trade surplus was US$45.
56 billion, far exceeding expectations
.

Thailand's rural road department has earmarked 9 billion baht for the purchase of latex mixed bitumen for road construction and repair as part of measures
to address the collapse in rubber prices.
The ministry's target this year is to use 15,000 tonnes of rubber asphalt in pavement construction, compared with 10,000 tonnes
last year.

Localized rainfall in Thailand and slight
easing of dry weather.
At present, the inventory of Qingdao Free Trade Zone is still declining, but the decline has narrowed
.
Downstream tire factories have been compressed due to the rise in raw material prices, and the operating rate of semi-steel tires has declined
.
At present, the natural rubber market is still under pressure from huge inventories, and with the full opening of natural rubber production areas in May, the market will once again face pressure
from the supply side.
It is expected that short-term rubber futures prices will fluctuate at a low level and consolidate weakly
.