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Oil prices fell on Wednesday after a surprise rise
in U.
S.
crude inventories last week.
The NYMEX crude futures contract for September ended down 2.
5 percent at $
41.
71 a barrel.
The Shanghai rubber 1701 contract rose 0.
63% to close at 12,710 yuan / ton
.
Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10300 (+150) yuan / ton; Vietnam's 3L quotation is 10800-10900 (0/0) yuan/ton; 15 years Thailand No.
3 smoke 12500 (+50) yuan / ton; RMB mixed rubber 10400-10450 (-150/-100) yuan / ton
.
Thai Hat Yai raw material market raw film 52.
9 (-0.
26) baht/kg; Tai San Tobacco Tablets 53.
66 (-1.
63) THB/kg; Field glue 49 (-1) baht/kg; Cup glue 39.
5 (0) baht/kg
.
Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 10850 yuan / ton (-50), cis-butadiene rubber market price 11000 yuan / ton (0).
News: 1.
In July, passenger car sales growth hit the highest rate in 17 months, and the car market recovered
.
2.
India's June production of tianjiao increased by 6.
4%
year-on-year.
Warehouse receipt inventory: Exchange warehouse receipts reported 312920 tons, an increase of 2580 tons
.
The sales data of heavy trucks in July continued to increase sharply year-on-year, and the operating rate of semi-steel tires rebounded last week, and the operating rate of all-steel tires and semi-steel tires remained at about 70%, and the overall level was medium and high; At present, the inventory of Qingdao Free Trade Zone is still declining, and due to the influence of weather and rubber tapping factors in the production area, the amount of new rubber has not yet been released, and overseas raw materials are relatively tight
.
It is difficult to change the essence of the global oversupply and demand pattern, and the overall Shanghai rubber will still operate in the bottom area
in 2016.
In the short term, the off-season is not light, and the support of the demand side has become stronger; However, under the pressure of huge warehouse receipts, the momentum of Shanghai rubber is also insufficient, short-term or maintain a volatile trend, RU1701 low long orders are held
cautiously.