宝城期货橡胶早报-20250903

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Report's Core View - Both Shanghai rubber (RU) and synthetic rubber (BR) are expected to run strongly in the short - term, with an intraday view of oscillating strongly and a medium - term view of oscillation [1][5][7]. 3. Summary According to Related Catalogs Shanghai Rubber (RU) - Price and Performance: On Tuesday night, the 2601 contract of domestic Shanghai rubber futures maintained an oscillating and slightly stronger trend, with the futures price rising slightly by 0.19% to 15,975 yuan/ton. It is expected to maintain this trend on Wednesday [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, the 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 remains prosperous, the export growth rate has rebounded, and the external sales are optimistic, providing demand - side support [5]. Synthetic Rubber (BR) - Price and Performance: On Tuesday night, the 2510 contract of domestic synthetic rubber futures maintained an oscillating and slightly stronger trend, with the futures price rising slightly by 0.38% to 11,940 yuan/ton. It is expected to maintain this trend on Wednesday [7]. - Core Logic: The domestic synthetic rubber futures market is currently dominated by supply - demand fundamentals. 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, the contract still shows an oscillating and stronger trend under the background of long - short divergence [7].