宝城期货橡胶早报-20250513

Report Summary 1. Report Industry Investment Rating No information is provided regarding the industry investment rating. 2. Report Core View - The Shanghai Rubber Futures 2509 contract and the Synthetic Rubber Futures 2507 contract are expected to maintain a slightly stronger oscillating trend on Tuesday, May 14, 2025 [1][5][7]. 3. Summary by Related Catalogs Shanghai Rubber (RU) - Short - term, Medium - term, and Intraday Views: Short - term: oscillating; Medium - term: oscillating and slightly weaker; Intraday: oscillating and slightly stronger; Overall view: stronger operation [1][5]. - Core Logic: The natural rubber producing areas at home and abroad will enter a new round of tapping season, with raw material output steadily increasing and new rubber supply gradually rising. After the May Day holiday, the tire industry's operating rate has entered a stage of recovery, and procurement demand is expected to increase. However, due to the lack of continuous improvement in the supply - demand structure and a slight increase in rubber inventories in Qingdao Free Trade Zone, it is difficult to support the continuous strengthening of rubber prices after the holiday. With the real - time progress in Sino - US economic and trade negotiations, market risk appetite has been boosted. The 2509 contract of domestic Shanghai rubber futures rose 1.69% to 15,000 yuan/ton in the night session on Monday [5]. Synthetic Rubber (BR) - Short - term, Medium - term, and Intraday Views: Short - term: oscillating; Medium - term: oscillating and slightly weaker; Intraday: oscillating and slightly stronger; Overall view: stronger operation [1][7]. - Core Logic: During the May Day holiday, OPEC+ oil - producing countries agreed to continue the accelerated production - increasing rhythm in June, bringing new supply pressure to the crude oil market. After the bearish sentiment in the crude oil market was digested, oil prices showed an oscillating and stabilizing trend. Supported by cost factors and the real - time progress in Sino - US economic and trade negotiations, market risk appetite has been boosted. The 2507 contract of domestic synthetic rubber futures continued to rebound 2.61% to 11,995 yuan/ton in the night session on Monday [7].