宝城期货橡胶早报-20250822

Report Summary 1. Report Industry Investment Rating - No industry investment rating is 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 the intraday trend being oscillatory and on the strong side [1][5][7]. 3. Summary by Relevant Content Shanghai Rubber (RU) - Price and Performance: On Thursday night, the domestic Shanghai rubber futures 2601 contract maintained an oscillatory and stable trend, with the futures price slightly down 0.06% to 15765 yuan/ton. It is expected to maintain an oscillatory and strong trend on Friday [5]. - Core Logic: The Shanghai rubber futures market is dominated by supply - demand fundamentals. Southeast Asian and domestic producing areas are in the peak rubber - tapping season, with high supply pressure. The domestic tire industry has falling inventory, reduced operating loads, blocked exports, and slowed growth. The rising expectation of the Fed's interest - rate cut also affects the market [5]. Synthetic Rubber (BR) - Price and Performance: On Thursday night, the domestic synthetic rubber futures 2510 contract maintained an oscillatory and strong trend, with the futures price slightly up 0.25% to 11820 yuan/ton. It is expected to maintain an oscillatory and strong trend on Friday [7]. - Core Logic: The synthetic rubber futures market is also dominated by supply - demand fundamentals. The domestic synthetic rubber plant load is stable, with a slight increase in supply pressure. The domestic tire industry has falling inventory, reduced operating loads, blocked exports, and slowed growth. The rising expectation of the Fed's interest - rate cut impacts the market [7].