July 14 Shanghai rubber morning review

U.
S.
crude futures fell to a two-month low on Wednesday, erasing most of the gains recorded last day as data from the Energy Information Association (EIA) showed record high inventories of U.
S.
crude and refined products
.
The NYMEX crude oil futures contract for August ended down 4.
4 percent at $
44.
75 a barrel.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10950 (+350) yuan / ton; Vietnam's 3L quotation is at 11100 (+200) yuan / ton; 15 years Thailand No.
3 smoke 12900 (+250) yuan / ton; RMB mixed rubber 10150-10200 (+150/+150) yuan/ton
.
Thai Hat Yai raw material market raw film 54.
42 (+1.
33) baht/kg; Tai San tobacco tablets 56.
69 (+1.
8) baht/kg; Field glue 47 (0) baht/kg; Cup gum 39.
5 (0.
5) baht/kg
.
Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 10600 yuan / ton (+100), cis-butadiene rubber market price 10750 yuan / ton (+50).

News side: 1.
General Administration of Customs: China imported 410,000 tons of rubber in June, an increase of 24%
year-on-year.
2.
Domestic commercial vehicle exports fell by 30
% in the first half of the year.

Warehouse receipt inventory: Exchange warehouse receipts reported 304,750 tons, an increase of 330 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
.