July 21 Shanghai rubber morning review

U.
S.
crude futures closed higher on Wednesday as the latest data showed U.
S.
refinery capacity utilization was much higher than expected, a stark departure
from previous perceptions that a glut of refined products would cut refinery demand for crude.
The NYMEX crude oil futures contract for September ended up 0.
7 percent at $
45.
75 a barrel.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 11150 (+150) yuan / ton; Vietnam's 3L quotation is 11000-11100 (0/0) yuan/ton; 15 years Thailand No.
3 smoke 12750 (0) yuan / ton; RMB mixed rubber 10500-10600 (0/0) yuan/ton
.
Thai Hat Yai raw material market raw film 55.
77 (0) baht/kg; Tai San tobacco tablets 58.
77 (0) baht/kg; Field glue 48 (0) baht/kg; Cup glue 40 (0) baht/kg
.
Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 10600 yuan / ton (0), cis-butadiene rubber market price 10750 yuan / ton (0).

News side: 1.
ITRC will discuss whether to extend the rubber "export tonnage plan" period
.
2.
Heavy rainfall in many provinces in Thailand hit, and 60% of the Bangkok area had precipitation
.

Warehouse receipt inventory: Exchange warehouse receipts were reported at 308,050 tons, down 170 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
.