宝城期货橡胶早报-20250821

Report Summary 1. Report Industry Investment Rating - No information provided in the report. 2. Report's Core View - Both Shanghai rubber (RU) and synthetic rubber (BR) are expected to run strongly, with short - term and medium - term trends being oscillatory and intraday trends being oscillatory and strong [1][5][7]. 3. Summary by Related Catalogs Shanghai Rubber (RU) - Price and Trend: On Wednesday night, the 2601 contract of domestic Shanghai rubber futures maintained an oscillatory and stable trend, with the futures price slightly rising 0.96% to 15,755 yuan/ton. It is expected to maintain an oscillatory and strong trend on Thursday [5]. - Core Logic: The domestic Shanghai rubber futures market is dominated by supply - demand fundamentals. Southeast Asian producing areas are in the rubber - tapping season, and domestic producing areas are also releasing new rubber output, resulting in high supply pressure. The domestic tire industry has seen a decline in inventory, a decrease in operating load, and obstacles in export sales with a slowdown in growth. The increasing expectation of the Fed's interest - rate cut also affects the market [5]. Synthetic Rubber (BR) - Price and Trend: On Wednesday night, the 2510 contract of domestic synthetic rubber futures maintained an oscillatory and strong trend, with the futures price rising significantly by 2.03% to 11,790 yuan/ton. It is expected to maintain an oscillatory and strong trend on Thursday [7]. - Core Logic: The domestic synthetic rubber futures market is also dominated by supply - demand fundamentals. The operating load of domestic synthetic rubber plants is stable, with a slight increase in supply pressure. The domestic tire industry has a decline in inventory, a decrease in operating load, and obstacles in export sales with a slowdown in growth. The increasing expectation of the Fed's interest - rate cut also has an impact [7].