August 29 Shanghai rubber morning review

Overnight Market: U.
S.
crude futures edged higher on Friday after Fed Chair Janet Yellen made a speech that appeared to open the door
to rate hikes in the coming months.
NYMEX crude oil futures for October ended up 0.
7 percent, settling at $
47.
64 a barrel.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10150-10200 (0/+50) yuan / ton; Vietnam's 3L quotation is 10600-10700 (0/0) yuan/ton; 15 years Thailand No.
3 tobacco tablets 12400 (+50) yuan / ton; RMB mixed rubber 10400 (-150) yuan / ton
.
Thai Hat Yai raw material market raw film 50.
56 (-0.
6) baht/kg; Tai San tobacco tablets 52.
17 (-0.
68) baht/kg; Field glue 48 (0) baht/kg; Cup gum 39 (-0.
5) baht/kg
.

Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 10700 yuan / ton (0), cis-butadiene rubber market price 10950 yuan / ton (0).

News: In January and July, mixed rubber imports continued to increase, and Vietnam grew
strongly.
2.
Spot goods are in short supply, and it is difficult to stop the export of rubber in Qingdao Free Trade Zone
.

Warehouse receipt inventory: Exchange warehouse receipts reported 314310 tons, an increase of 3540 tons
.

The sales data of heavy trucks in July continued to increase sharply year-on-year, and the operating rate of all-steel tires and semi-steel tires was stable at about 70% last week, and the overall demand performance was still good; At present, the inventory of Qingdao Free Trade Zone is still falling sharply, and the overseas raw materials are relatively tight due to factors such as weather and rubber tapping sentiment in the production area, and fundamental factors still support
the price of Shanghai rubber.