Ruida Futures(SZ:002961) Jin Tou Wang·2025-05-28 06:10Core Viewpoints - Synthetic rubber futures experienced a sharp decline, with the main contract dropping to a low of 11,155.0 yuan, closing at 11,210.0 yuan, reflecting a decrease of 3.24% [1] - The market sentiment for synthetic rubber is weak, with expectations of a consolidation phase due to insufficient demand and declining prices of raw materials like butadiene [1] - The BR2507 contract is expected to fluctuate within the range of 11,250 to 11,850 yuan in the short term, influenced by varying production costs and demand dynamics [2] Market Analysis - The synthetic rubber market is currently facing downward pressure, with the cost support weakening as butadiene prices continue to decline due to weak downstream demand [1] - There is a cautious atmosphere in the market, with buyers showing limited interest in purchasing, leading to a lack of effective support for spot market prices [1] - The upcoming expiration of synthetic rubber warehouse receipts in June may lead to increased trading activity, particularly from bullish funds [1] Demand and Supply Dynamics - The production costs for styrene-butadiene rubber have significantly increased due to rising butadiene prices, although production levels in some regions have been reduced [2] - Domestic tire manufacturers have seen an increase in capacity utilization rates, but some companies are adjusting production downwards to manage inventory levels [2] - Overall, the market is characterized by a mix of rising production costs and cautious demand, leading to a complex trading environment [2]