Shanghai rubber continued to fluctuate in a narrow range, and the fluctuation range was small

In terms of spot, yesterday's quotation: the US dollar and Thai mixed quotation in August was around 1285, the RMB transaction rose slightly, and the basis strengthened
slightly.
Macro aspect: U.
S.
stocks opened low and rebounded slightly, API crude oil inventories were greatly reduced, crude oil also held steady and upward again around $40, the overall macro sentiment is good, but it is still necessary to be vigilant against uncertain risks
such as Sino-US relations.

Thailand, raw materials continue to hold steady, cup glue is still 32.
3 baht, glue is still 41.
7 baht, raw material supply has not been released, the past two days of tobacco tablets are strong, yesterday's southern Thailand production area precipitation is about 30 mm, production release still needs patience
.
The downstream USTMA slightly raised the US tire shipment expectations, and the liquidity index of the European and American markets has returned to near the normal level, but the overall demand for China's export orders is still slow
.
There has been no obvious change in fundamentals in the past two days, the contradiction is not prominent, and we continue to wait for the focus of alternative planting to land
.

Rubber futures into the delivery month, far month transfer phenomenon led to price fluctuations, from the medium and long term, the fundamental marginal improvement, post-epidemic stage, economic prosperity improved, the market still followed the logic of demand recovery, policy increase under the demand for supporting tires, replacement tires demand, export tire demand narrowed, downstream heavy trucks, passenger cars, tire operating rate strong verification logic, and domestic and foreign production areas are in the rubber tapping period, weather disturbances make the price of new rubber easy to rise and fall, it is expected that the short-term market is expected to fluctuate strongly
.