Shanghai rubber futures opened high and went high and fluctuated at a high level

The main contract of rubber futures closed slightly higher
yesterday.
Thai Hat Yai raw material market raw film 59.
09 (-0.
44) baht/kg; Tai San tobacco tablets 59.
79 (-0.
31) baht/kg; Field glue 52 (0) baht/kg; Cup glue 40 (0) baht/kg
.
Shanghai's 14-year state-owned whole milk price rose by about 50 yuan / ton; The price of Tai No.
3 cigarette tablets rose by 100 yuan / ton
.

U.
S.
WTI SEPTEMBER CRUDE OIL FUTURES PRICES CLOSED DOWN $0.
34, OR 0.
85%, AT $39.
68 / BARREL ON Tuesday (August 2), and U.
S.
oil rose more than 2% at the beginning of the session, but fell nearly 1% at the close, and U.
S
.
crude fell below the $40 mark for the first time since April.
Traders said the decline in U.
S.
stocks weighed heavily on oil prices, and continued concerns about excess inventories offset the boost from a falling dollar at the start of the session
.
Meanwhile, ICE Brent October crude futures closed down $0.
18, or 0.
43 percent, at $41.
96 a barrel
.

New China General Services PMI July service activity growth slowed down, manufacturing resumed expansion summary - Services and composite PMI data: Cai New China composite PMI data (including manufacturing and services) showed that at the beginning of the third quarter, China's overall economic activity expansion momentum turned stronger, and the composite output index rose to 51.
9 in July from 50.
3 in June, the most significant growth rate
since September 2014.
Overall economic activity in China picked up momentum in July, partly as manufacturing output returned to growth for the first time in four months, while the services sector continued to expand
.

At present, the operating rate of tire enterprises is stable, automobile consumption is in the off-season, and the supply and demand of the rubber market is flat
.
After a wide range of oscillations in July, Shanghai rubber showed signs
of decline again.
At the end of June, Thailand's Ministry of Agriculture and Cooperation proposed a plan to clear the reserve rubber, which plans to submit another proposal in the near future to study lifting the ban on the sale of stock film to no less than 60 baht per kilogram
.
It is expected that short-term rubber futures prices will be weak and volatile
.