Report Summary 1. Report Industry Investment Rating No information provided. 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 strong [1][5][7]. 3. Summary by Related Catalogs Shanghai Rubber (RU) - Price Performance: On the night session of last Friday, the 2601 contract of domestic Shanghai rubber futures maintained an oscillatory and strong trend, with the futures price rising slightly by 1.44% to 15,865 yuan/ton [5]. - Market Situation: The domestic Shanghai rubber futures market is dominated by supply - demand fundamental factors. Southeast Asian producing areas are in the peak tapping season, and domestic producing areas are also continuously releasing new rubber output, resulting in a relatively high supply pressure. The inventory of the domestic tire industry has declined, the operating load has decreased, and export sales are blocked with a slowdown in growth. With the increasing expectation of the Fed's interest rate cut, the macro - bullish atmosphere has strengthened [5]. - Outlook: It is expected that the 2601 contract of domestic Shanghai rubber futures may maintain an oscillatory and strong trend on Monday [5]. Synthetic Rubber (BR) - Price Performance: On the night session of last Friday, the 2510 contract of domestic synthetic rubber futures maintained an oscillatory and strong trend, with the futures price rising significantly by 2.78% to 12,025 yuan/ton [7]. - Market Situation: The domestic synthetic rubber futures market is also dominated by supply - demand fundamental factors. The operating load of domestic synthetic rubber plants is stable, and the supply pressure has increased slightly. The inventory of the domestic tire industry has declined, the operating load has decreased, and export sales are blocked with a slowdown in growth. With the increasing expectation of the Fed's interest rate cut, the macro - bullish atmosphere has strengthened [7]. - Outlook: It is expected that the 2510 contract of domestic synthetic rubber futures may maintain an oscillatory and strong trend on Monday [7].
宝城期货橡胶早报-20250825
Bao Cheng Qi Huo·2025-08-25 03:17