August 1 Shanghai rubber morning review

Overnight market: U.
S.
crude futures rebounded from bear market territory on Friday, but Brent crude held low, divergent amid renewed bargain hunters and oversupply concerns
.
The NYMEX September crude futures contract rose 1.
1 percent to settle at $
41.
60 a barrel.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10700-10850 (-250/-200) yuan / ton; Vietnam's 3L quotation is 10900-11000 (0/0) yuan / ton; 15 years Thailand No.
3 smoke 12100-12150 (-300/-300) yuan/ton; RMB mixed rubber 10550-10600 (0/0) yuan / ton
.
Thai Hat Yai raw material market raw film 60.
11 (+0.
34) baht/kg; Tai San tobacco tablets 61.
61 (+0.
16) baht/kg; Field glue 52 (0) baht/kg; Cup glue 40 (0) baht/kg
.
Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 10800 yuan / ton (0), cis-butadiene rubber market price 10950 yuan / ton (0).

News side: 1, Tainong Cooperation Department: This week's arraignment lifted the ban on the sale of
tobacco film at 60 baht per kilogram.
2.
Lack of supply management The main rubber-producing countries have not been effective in boosting rubber prices
.

Warehouse receipt inventory: Exchange warehouse receipts reported 310,830 tons, an increase of 130 tons
.

Qingdao Free Trade Zone inventories continued to decline, and heavy-duty truck sales continued to grow sharply year-on-year in June, and China's tire exports were strong, indicating that downstream demand was performing well
.
With the successive cutting of domestic rubber production areas, the supply of raw materials has increased, and the price of glue has fallen, but the raw materials in the production areas have not yet been released due to the weather in the early stage
.
However, due to the approaching delivery period of the 1609 contract, the huge warehouse receipt will significantly suppress
the futures price.