宝城期货橡胶早报-20250612

Report Summary 1. Report Industry Investment Rating - No investment rating is provided in the report. 2. Core Viewpoints - Both Shanghai rubber (RU) and synthetic rubber (BR) are expected to run strongly, with short - term and medium - term trends being oscillatory and the intraday trend being oscillatory and strong [1][5][7]. 3. Summary by Related Catalogs Shanghai Rubber (RU) - Price Performance: On Wednesday night, the domestic Shanghai rubber futures 2509 contract showed an oscillatory and weak trend, with the futures price slightly down 0.14% to 13,815 yuan/ton [5]. - Core Logic: Recently, the leaders of China and the United States had a phone call, releasing positive signals. There is an expectation that the China - US tariff war will cool down, and the two sides reached further tariff consensus in London. Under the background of rising optimism, the macro - factor has gradually strengthened. Currently, the natural rubber producing areas at home and abroad are in the full - scale tapping stage, with raw material output steadily increasing and new rubber supply gradually rising. With the macro - factor overriding the weak industrial factor, it is expected that on Thursday, the domestic Shanghai rubber futures 2509 contract may maintain an oscillatory and strong trend [5]. Synthetic Rubber (BR) - Price Performance: On Wednesday night, the domestic synthetic rubber futures 2508 contract slightly rose 0.55% to 11,045 yuan/ton [7]. - Core Logic: Similar to Shanghai rubber, the macro - factor has gradually strengthened due to the positive signals from the China - US phone call. Currently, OPEC+ oil - producing countries are accelerating the production increase rhythm, and the crude oil demand expectation is weak. With the macro - factor overriding the weak industrial factor, it is expected that on Thursday, the domestic synthetic rubber futures 2508 contract may maintain an oscillatory and strong trend [7].