September 2 Shanghai rubber morning review

Crude futures fell to a three-week low on Thursday as the increase in U.
S.
crude inventories weighed heavily on the market for the
second day in a row.
NYMEX crude oil futures for October ended down 3.
4 percent, settling at $
43.
16 a barrel.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10050 (+50) yuan / ton; Vietnam 3L quotation 10500-10600 (-100/-100) yuan / ton; 15 years Thailand No.
3 tobacco flakes 12150 (-350) yuan/ton; RMB mixed rubber 10400 (-50) yuan / ton
.
Thai Hat Yai raw material market raw film 50.
57 (-0.
38) baht/kg; Tai San tobacco tablets 52.
55 (+0.
18) baht/kg; Field glue 49 (0) baht/kg ; Cup gum 40 (+1) baht/kg
.

Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 10700 yuan / ton (0); The market price of cis-butadiene rubber is 11,000 yuan / ton (+50).

News side: 1.
As of the end of August, rubber stocks in Qingdao Free Trade Zone fell by 16.
9%.

2.
The global rubber glove industry is expected to grow by 3.
9%.

Warehouse receipt inventory: Exchange warehouse receipts were reported at 307,490 tons, a decrease of 2,140 tons
.

Recently, the operating rate of all-steel tires and semi-steel tires has been stable at about 70%, and the off-season is not light, indicating that the overall demand performance is still good
.
From the perspective of circulation, as of the end of August, the rubber inventory in Qingdao Free Trade Zone fell to 116,900 tons, down 16.
9% from the previous period, and the inventory decline was larger
than the previous period.
Thailand's raw material prices performed steadily overall, overseas production has not yet been released significantly, and fundamental factors still support
Shanghai rubber prices.