May 30 Shanghai rubber morning review

Crude prices moved further out of the $50 mark on Friday as investors took advantage of rising oil prices to seven-month highs and a stronger dollar to lock in profits
.
The NYMEX July contract closed down 0.
3 percent at $
49.
33 a barrel.
Overnight, the Shanghai rubber 1609 contract rose 0.
76% to close at 10565 yuan / ton
.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 9900-10000 (0/0) yuan / ton; Vietnam's 3L quotation is at 10600 (+100) yuan / ton; 15 years Thailand No.
3 smoke 11650 (0) yuan / ton; RMB mixed rubber 9500-9600 (+100/+200) yuan/ton
.
Thai Hat Yai raw material market raw film 55.
85 (+0.
73) baht/kg; Tai San Tobacco Tablets 58 (+0.
62) THB/kg; Field glue 52 (0) baht/kg; Cup glue 40 (0) baht/kg
.

News: 1.
UK passenger car production in April increased by 16%, and supply and exports increased by 24%.

2.
Rubber consumption in the Asia-Pacific region will account for 2/3
of the world.

Warehouse receipt inventory: Exchange warehouse receipts reported 298,760 tons, an increase of 1,250 tons
.

At present, the inventory of 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
.