May 25th Shanghai rubber morning review

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 9800-9950 (-200/-150) yuan / ton; Vietnam's 3L quotation is at 10500 (-100) yuan / ton; 15 years Thailand No.
3 smoke 11450-11500 (-150/-100) yuan/ton; RMB mixed rubber 9350-9400 (-550/-550) yuan / ton
.
Thai Hat Yai raw material market raw film 55.
45 (-0.
78) baht/kg; Tai San tobacco tablets 56.
59 (-2) baht/kg; Field glue 54 (-2) baht/kg; Cup gum 40.
5 (-1.
5) baht/kg
.

News side: 1.
The decline of light buses affected the market, so that the bus market did not pick up
in April.
2.
Cambodia's domestic rubber prices have fallen
again.

Warehouse receipt inventory: Exchange warehouse receipts reported 294870 tons, an increase of 1470 tons
.

At present, the inventory in Qingdao Free Trade Zone is still declining, and the sales volume of heavy trucks in April increased year-on-year and expanded, indicating that demand is gradually picking up
.
The operating rate of downstream tire factories has declined, and slightly lower than the same period last year, with the domestic rubber production area has been cut one after another, raw material supply and demand is tight or eased, but due to the impact of dry weather in the early stage, the supply of production areas has not yet increased
.
The Shanghai rubber 1609 contract rebounded slightly overnight, focusing on the pressure of the upper 5-day moving average, and trading in the 10200-10600 range within the day
.