June 22 Shanghai rubber morning review

Crude futures fell on Tuesday but pared losses late in the day as investors tried to find their way
through a flood of volatile factors affecting the oil market.
NYMEX crude oil futures for August ended down $0.
11 at $
49.
85 a barrel.

Spot market: the quotation of state-owned whole milk in the Shanghai market for 14 years is about 10500 (0) yuan / ton; Vietnam's 3L quotation is at 10700 (0) yuan / ton; 15 years Thailand No.
3 smoke 12250 (+50) yuan / ton; RMB mixed rubber 9900 (-50) yuan / ton
.
Thai Hat Yai raw material market raw film 53.
89 (-0.
25) baht/kg; Tai San tobacco tablets 55.
69 (+0.
8) baht/kg; field glue 48.
5 (+1) baht/kg; Cup gum 38.
5 (0) baht/kg
.

News side: From January to May, China's pure electric bus production was 22,110 units
.
2.
General Administration of Customs: China's imports of natural rubber in May increased by 38% year-on-year, and synthetic rubber increased by 91%.

Warehouse receipt inventory: Exchange warehouse receipts were reported at 301,510 tons, a decrease of 210 tons
.

Inventories in Qingdao Free Trade Zone fell, and heavy-duty truck sales continued to grow sharply year-on-year in May, indicating that downstream demand was performing well
.
With the successive opening of domestic rubber production areas, the supply of raw materials began to increase, and the price of glue fell, but the absolute price of Shanghai rubber is currently low, and there is still strong support
at the 10,000 yuan mark.