May 20 Shanghai rubber morning review

Oil prices fell slightly on Thursday on a stronger dollar and an unexpected rise
in U.
S.
crude inventories.
The NYMEX June contract closed down 0.
1 percent at $
48.
16 a barrel.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10550-10600 (-350/-300) yuan / ton; Vietnam's 3L quotation is at 11200 (-300) yuan / ton; 15 years Thailand No.
3 smoke 12100 (-200) yuan / ton; RMB mixed rubber 10200-10250 (-300/-250) yuan/ton
.
Thai Hat Yai raw material market raw film 58.
29 (+0.
01) baht/kg; Tai San Tobacco Tablets 60.
17 (-1.
53) THB/kg; field glue 58 (-0.
5) baht/kg; Cup glue 45 (-0.
5) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 11150 yuan / ton (-50) in East China, cis-butadiene rubber market price 10400 yuan / ton (-200).

News: According to the Malaysian Automobile Association (MAA) a few days ago, Malaysian automobile sales and production fell in April this year, with new car sales falling by 7% year-on-year and production plummeting by 27%
year-on-year.

Warehouse receipt inventory: Exchange warehouse receipts were reported at 294,280 tons, a decrease of 60 tons
.

At present, the inventory of Qingdao Free Trade Zone is still declining, although the operating rate of downstream tire factories has declined, but it is flat at the same level last year, and the sales volume of heavy trucks in April increased year-on-year and has a trend of expansion, indicating that demand is gradually picking up
.
With the successive cutting of domestic rubber production areas, the supply and demand of raw materials are tight or have eased, but due to the impact of drought, the supply of production areas has not yet increased
.
Overnight, the Shanghai rubber 1609 contract rose slightly after opening low, and the market paid attention to the pressure at the 11000 position, and the 10700-11000 range was traded
intraday.