Workflow
宝城期货橡胶早报-20250812
Bao Cheng Qi Huo·2025-08-12 02:33

Report Summary 1. Investment Rating - The report does not provide an industry investment rating. 2. Core Views - Both Shanghai rubber (RU) and synthetic rubber (BR) are expected to run in a relatively strong manner in the short - term and intraday, with a mid - term view of consolidation [1][5][7]. 3. Summary by Variety Shanghai Rubber (RU) - Price and Change: On the night session of Monday, the 2601 contract of domestic Shanghai rubber futures slightly rose 0.25% to 15760 yuan/ton [5]. - Market Situation: With the weakening of previous macro - driving forces, the rubber market has returned to a market dominated by a weak supply - demand structure. Currently, Southeast Asian rubber - producing areas are in the peak tapping season, and domestic producing areas are also continuously releasing new rubber output, resulting in high supply pressure. However, the domestic heavy - truck sales data and new - car production and sales data for August are better than market expectations, showing a significant year - on - year increase. Driven by the improvement of demand factors, it is expected that the 2601 contract of domestic Shanghai rubber futures may maintain a relatively strong and volatile trend on Tuesday [5]. Synthetic Rubber (BR) - Price and Change: On the night session of Monday, the 2509 contract of domestic synthetic rubber futures slightly declined 0.17% to 11720 yuan/ton [7]. - Market Situation: With the weakening of previous macro - driving forces, synthetic rubber has returned to a market dominated by a weak supply - demand structure. Currently, the operating load of domestic synthetic rubber plants is stable, and supply pressure remains. However, the domestic heavy - truck sales data and new - car production and sales data for August are better than market expectations, showing a significant year - on - year increase. Driven by the improvement of demand factors, it is expected that the 2509 contract of domestic synthetic rubber futures may maintain a relatively strong and volatile trend on Tuesday [7].