July 11 Shanghai rubber morning review

Overnight Market: The crude oil market closed higher in choppy trading on Friday, driven by dip buying by investors and a small drop in the dollar, but gains were too small to reverse the bearish tone of the market
.
The NYMEX crude oil futures contract for August ended up 0.
6 percent at $
45.
41 a barrel.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10300 (-550) yuan / ton; Vietnam's 3L quotation is at 10900 (-100) yuan / ton; 15 years Thailand No.
3 smoke 12050 (-550) yuan / ton; RMB mixed rubber 9800-10200 (-500/-100) yuan / ton
.
Thai Hat Yai raw material market raw film 51.
79 (-0.
9) baht/kg; Tai San tobacco tablets 53.
79 (-0.
21) baht/kg; Field glue 46.
5 (0) baht/kg; Cup glue 38.
5 (-0.
5) baht/kg
.

News side: 1.
Toyota Thailand's large-scale layoffs are not caused by
divestment and transfer of production bases.
2.
Overall sales in Western Europe rose 6% in June, while sales in the UK suffered setbacks
due to Brexit.

Warehouse receipt inventory: Exchange warehouse receipts were reported at 303,170 tons, a decrease of 210 tons
.

Inventories in Qingdao Free Trade Zone continued to decline, and heavy-duty truck sales continued to increase sharply year-on-year in June, and China's tire exports rose 9%, indicating that downstream demand performance was acceptable
.
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
.