宝城期货橡胶早报-20250514

Report Summary 1. Report Industry Investment Rating - No relevant content provided. 2. Core Viewpoints - Both Shanghai rubber futures contract 2509 and synthetic rubber futures contract 2507 are expected to run strongly on May 14, 2025, with an intraday view of being strongly volatile and a medium - term view of being weakly volatile [1][5][7]. 3. Summary by Related Catalogs Shanghai Rubber (RU) - Market Situation: On the night of Tuesday, the domestic Shanghai rubber futures 2509 contract closed up 1.63% to 15,240 yuan/ton [5]. - Core Logic: Domestic and foreign natural rubber producing areas will enter a new round of tapping seasons, and new rubber supply will gradually increase. After the May Day holiday, the tire industry's start - up rate has rebounded, and procurement demand is expected to strengthen. However, due to the lack of continuous improvement in the supply - demand structure and a slight increase in rubber inventory in Qingdao Free Trade Zone, it is difficult to support the continuous strengthening of post - holiday rubber prices. The progress of China - US economic and trade negotiations has boosted market risk appetite [5]. Synthetic Rubber (BR) - Market Situation: On the night of Tuesday, the domestic synthetic rubber futures 2507 contract rebounded 3.17% to 12,515 yuan/ton [7]. - Core Logic: During the May Day holiday, OPEC+ agreed to continue the accelerated production increase in June, bringing new supply pressure to the crude oil market. After the digestion of bearish sentiment, oil prices stabilized. Supported by cost factors and the progress of China - US economic and trade negotiations, market risk appetite has been boosted [7].