July 1 Shanghai rubber morning review

International crude ended lower on Thursday, with NYMEX August crude futures closing down 3.
1% at $
48.
33 a barrel.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 11,000 (+200) yuan / ton; Vietnam's 3L quotation is at 10900 (+100) yuan / ton; 15 years Thailand No.
3 smoke 12950 (+350) yuan / ton; RMB mixed rubber 10100 (-50) yuan / ton
.
Thai Hat Yai raw material market raw film 54.
19 (-1.
01) baht/kg; Tai San tobacco tablets 57.
31 (+0.
8) baht/kg; Field glue 46.
5 (0) baht/kg; Cup gum 39.
5 (+0.
5) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10400 yuan / ton (+200), cis-butadiene rubber market price 10500 yuan / ton (0).

News side: 1.
South Korea's tire production fell by 3%
in the first five months of this year.
2.
IHS: By 2018, the loss of light vehicle sales in the UK will reach 2.
8 million units
.

Warehouse receipt inventory: Exchange warehouse receipts were reported at 300,620 tons, a decrease of 220 tons
.

Inventories in Qingdao Free Trade Zone fell, while heavy-duty truck sales continued to grow sharply year-on-year in May, and China's tire exports rose 9%, indicating that downstream demand was performing well
.
With the successive cutting of domestic rubber production areas, the supply of raw materials began to increase, and the price of glue fell, but at present, due to the early weather reasons, the raw materials in the production areas have not yet been released
.