宝城期货橡胶早报-20250819

Report Summary 1. Report Industry Investment Rating No information provided regarding the industry investment rating. 2. Report's Core View - The domestic rubber and synthetic rubber futures markets are expected to maintain a moderately strong and volatile trend. The 2601 contract of Shanghai rubber futures and the 2510 contract of synthetic rubber futures are both likely to show a moderately strong performance on August 20, 2025 [1][5][7]. 3. Summary by Related Catalogs 3.1 Shanghai Rubber (RU) - Market Trends: In the short - term, medium - term, and intraday, the market shows a volatile trend, with an intraday moderately strong bias. The overall view is a moderately strong operation [1][5]. - Core Logic: The market is driven by supply - demand fundamentals. Currently, the Southeast Asian rubber - tapping season and continuous new rubber output in domestic production areas lead to high supply pressure. However, the heavy - truck sales and new - car production and sales data in August are better than expected, showing a significant year - on - year increase. On the night of August 18, 2025, the 2601 contract of Shanghai rubber futures closed slightly up 0.06% at 15,835 yuan/ton, and is expected to continue the moderately strong trend on August 19 [5]. 3.2 Synthetic Rubber (BR) - Market Trends: In the short - term, medium - term, and intraday, the market shows a volatile trend, with an intraday moderately strong bias. The overall view is a moderately strong operation [1][7]. - Core Logic: The market is also driven by supply - demand fundamentals. The domestic synthetic rubber plant load is stable, resulting in continuous supply pressure. The heavy - truck sales and new - car production and sales data in August are better than expected, showing a significant year - on - year increase. On the night of August 18, 2025, the 2510 contract of synthetic rubber futures closed slightly up 0.17% at 11,830 yuan/ton, and is expected to continue the moderately strong trend on August 19 [7].