#Futures ##期货 [Super Talk]#[Natural Rubber and No. 20 Rubber 20220211 Morning Review] [Previous Day Review] RU Related: RU Main 05 Contract Closed at 14710 Points

#Futures# #期货 [Super Talk]# 【Natural Rubber and No. 20 Rubber 20220211 Morning Review】

【Previous day review】

RU related: Ru main 05 contract closed at 14710 points, down -65 points or -0.44%; Japan JRU main 07 contract closed at 253.8 points, up +2.8 points or +1.12%. As of 12 o'clock the day before yesterday, Yunnan WF reported 13750-13900 yuan / ton, the second production landmark reported 12400-12800 yuan / ton, Thai tobacco film reported 16350-16700 yuan / ton, Vietnam 3L reported 13500-13700 yuan / ton.

NR-related: The NR Main 04 contract closed at 12005 points, down -10 points or -0.08%; the Singapore main TF05 contract closed at 182.4 points, up +2.0 points or +1.11%. As of 18:00 the day before yesterday, the market price of dollar glue in Qingdao Free Trade Zone rose by 10-20 US dollars / ton. Tobacco flake cargoes were reported to be 2050-2090 US dollars / ton, Thai standard spot or near port cargo was reported to be 1845-1860 US dollars / ton, Ma biao spot or near port cargo was reported to be 1840-1850 US dollars / ton, Thai mixed spot or near port cargo was reported to be 1840-1860 US dollars / ton.

Synthetic glue related: North China benzene butyrene 1502 quotation 12500-12600 yuan / ton. Sinopec North China Qilu Shunding quoted 13700 yuan / ton. East China butadiene quotation 7250-7550 yuan / ton.

【Important Information】

Quoting QinRex data: in 2021, the Total Number of TIREs Imported from the United States totaled 273.81 million, an increase of +14% year-on-year. Among them, passenger car tire imports increased by +9.7% year-on-year to 156.27 million; truck and bus tire imports increased by +24% year-on-year to 51.27 million; aircraft tires increased by +34% year-on-year to 270,000; motorcycle tires increased by +19% to 3.86 million; bicycle tires increased by +35% to 13.2 million.

【Trading Strategy】

Today coincides with the anniversary of the founding of Japan and cameroon Youth Day, and the two places are closed. In February, the average premium of Thai glue to cup glue was reported at 9.75 baht/kg, the fifth consecutive month of relative strength. In the first week after the holiday, the operating rate of domestic all-steel tire production lines was reported at 8.6%, and the operating rate of semi-steel tire production lines was reported at 20.1%, and the overall relative year-on-year production was reduced by -4.1%. On the macro side, the US 10-year Treasury yield rose above the 2% mark for the first time since July 2019. The RU05 contract is held with a sell call option near 15100 points; the NR04 contract is long, and it is advisable to set a stop loss at the previous low of 11870 points. (The above views are for reference only and are not used as the basis for entering the market)