June 30 Shanghai rubber morning review

U.
S.
crude futures posted their biggest one-day gain since early April on Wednesday as U.
S.
crude inventories plummeted and a general rebound in commodity markets encouraged traders to return to crude and other commodity markets
.
NYMEX crude futures for August jumped 4.
2 percent to settle at $
49.
88 a barrel.

News side: 1.
As of June 10, rubber inventories in Japanese ports fell by 3.
9%.

2.
The U.
S
.
Department of Commerce initially ruled that Chinese-made truck and bus tires were subsidized.
3.
Dongying Tire's exports in May decreased by 7.
5%.

Spot market: the quotation of state-owned whole milk in the Shanghai market for 14 years is about 10800-10850 (+50/+100) yuan / ton; Vietnam's 3L quotation is at 10800 (0) yuan / ton; 15 years Thailand No.
3 smoke 12600 (+150) yuan / ton; RMB mixed rubber 10150-10400 (+50/+200) yuan/ton
.
Thai Hat Yai raw material market raw film 53.
18 (-0.
65) baht/kg; Tai San tobacco tablets 56.
51 (+0.
02) baht/kg; field glue 46.
5 (-0.
5) baht/kg; Cup glue 39 (+0.
5) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10200 yuan / ton (0), cis-butadiene rubber market price 10500 yuan / ton (0).

Warehouse receipt inventory: Exchange warehouse receipts were reported at 300,620 tons, a decrease of 220 tons
.

Inventories in Qingdao Free Trade Zone fell, while heavy-duty truck sales continued to grow sharply year-on-year in May, and China's tire exports rose 9%, 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.