宝城期货橡胶早报-20250725

Report Industry Investment Rating - Not mentioned in the provided content Core Viewpoints - Both Shanghai rubber and synthetic rubber are expected to run strongly, with short - term, medium - term, and intraday views being oscillatory and strong [1][5][7] Summary by Related Catalogs Shanghai Rubber (RU) - Price Performance: On Thursday night, the domestic Shanghai rubber futures 2509 contract maintained an oscillatory and strong trend, with the futures price rising 1.75% to 15405 yuan/ton [5] - Driving Factors: The improvement of macro factors such as trade agreements between the US and Japan, upcoming China - US economic and trade meetings, and rumored EU - US tariff agreements have increased the risk appetite in the commodity market. The military conflict between Thailand and Cambodia has raised concerns about supply disruptions in Southeast Asian rubber - producing areas [5] Synthetic Rubber (BR) - Price Performance: On Thursday night, the synthetic rubber futures 2509 contract maintained an oscillatory and strong trend, with the futures price rising 1.91% to 12285 yuan/ton [7] - Driving Factors: The improvement of macro factors has increased the risk appetite in the commodity market. The stabilization and strengthening of crude oil futures prices, along with the joint rise of Shanghai rubber and standard rubber futures, have led to the resonance of positive factors [7]