宝城期货橡胶早报-20250902

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 intraday trends being oscillatory and on the stronger side [1][5][7]. 3. Summary by Related Catalogs Shanghai Rubber (RU) - Short - term, Medium - term, and Intraday Views: Short - term and medium - term views are oscillatory, and the intraday view is oscillatory and on the stronger side. The reference view is to run strongly [1][5]. - Core Logic: Benefiting from the easing of Sino - US economic and trade relations and the increasing expectation of the Fed's interest rate cut, macro factors have improved. Although the Southeast Asian production areas are in the peak rubber - tapping season, the actual supply output has decreased slightly year - on - year, and the supply pressure is lower than expected. The domestic auto market's production and sales are better than expected, the tire industry is still booming, the export growth rate has rebounded, and the external sales are optimistic, providing demand - side support. On the night of Monday this week, the domestic Shanghai rubber futures 2601 contract maintained an oscillatory and stronger trend, with the futures price rising slightly by 0.69% to 15,950 yuan/ton. It is expected that the contract may maintain an oscillatory and stronger trend on Tuesday [5]. Synthetic Rubber (BR) - Short - term, Medium - term, and Intraday Views: Short - term and medium - term views are oscillatory, and the intraday view is oscillatory and on the stronger side. The reference view is to run strongly [1][7]. - Core Logic: Recently, the domestic synthetic rubber futures market has been dominated by supply - demand fundamental factors. With the increasing expectation of the Fed's interest rate cut and the improvement of macro sentiment, although the industrial factors of synthetic rubber are weak, in the context of long - short divergence, the domestic synthetic rubber futures 2510 contract maintained an oscillatory and stronger trend on the night of Monday this week, with the futures price rising slightly by 0.38% to 11,910 yuan/ton. It is expected that the contract may maintain an oscillatory and stronger trend on Tuesday [7].