宝城期货橡胶早报-20250728

Report Summary 1. Report Industry Investment Rating No industry investment rating is provided in the report. 2. Core Viewpoints - Both Shanghai rubber (RU) and synthetic rubber (BR) futures contracts 2509 are expected to run weakly, with an intraday view of being weakly volatile and a medium - term view of being strongly volatile [1][5][7]. 3. Summary by Relevant Content Shanghai Rubber (RU) - Price Movement: On the night session of last Friday, the Shanghai rubber futures 2509 contract closed 1.59% lower at 15,210 yuan/ton [5]. - Driving Logic: Although the macro - factors have improved with the US - Europe trade agreement and the upcoming China - US economic and trade meeting, the sharp decline of domestic coal futures on the night session of last Friday weakened the bullish atmosphere in the commodity futures market. As a result, the Shanghai rubber futures are expected to be weakly volatile on Monday [5]. Synthetic Rubber (BR) - Price Movement: On the night session of last Friday, the domestic synthetic rubber futures 2509 contract closed 1.87% lower at 12,090 yuan/ton [7]. - Driving Logic: Similar to Shanghai rubber, the improvement of macro - factors was counteracted by the decline of domestic coal futures, and combined with the weakening of crude oil and Shanghai rubber, the synthetic rubber futures are expected to be weakly volatile on Monday [7].