July 29 Shanghai rubber morning review

U.
S.
crude futures closed at a three-month low on Thursday as an unexpected increase in U.
S.
inventories kept pressure
on the market.
The NYMEX September crude futures contract closed down 1.
9 percent at $41.
14 a barrel
.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10950-11050 (0/-50) yuan / ton; Vietnam's 3L quotation is 10900-11000 (0/0) yuan / ton; 15 years Thailand No.
3 smoke 12400-12450 (+50/+50) yuan/ton; RMB mixed rubber 10550-10600 (0/+50) yuan / ton
.
Thai Hat Yai raw material market raw film 59.
77 (0) baht/kg; Tai San tobacco tablets 61.
77 (0) baht/kg; Field glue 52 (0) baht/kg; Cup glue 40 (0) baht/kg
.

Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 10800 yuan / ton (0), cis-butadiene rubber market price 10950 yuan / ton (0).

News side: 1.
Thai customs: rubber exports in June 2016 increased
year-on-year.
2.
The EU issues anti-monopoly fines
to car companies.

Warehouse receipt inventory: Exchange warehouse receipts reported 310,700 tons, an increase of 1,220 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
.
However, due to the approaching delivery period of the 1609 contract, the huge warehouse receipt will significantly suppress
the futures price.